A note conveyed via CNBC from Deutsche Bank, analysts there say the average run higher for VIX is highest in Q3 compared with any other quarter.

spx q3 vix spike 31 July 2024 2

I wonder if the Bank of Japan doesn't hike rate today if the SPX will snap back? I'd be a yes on that.

The latest chatter is a 15bp rate hike from the BoJ:

Bank of America expect a hike: