VIX Nowcast
Dominant Metrics: POLITICAL_TURMOIL leads in market attention (Volume), and STOCKMARKET leads in negative sentiment (Anxiety)
Objective
- A Nowcast tool to identify which global themes are currently driving VIX volatility
Inputs
- 22 time-series from GDELT (Real-time global news, https://www.gdeltproject.org/)
- The model monitors 11 macro themes through two metrics:
- Volume: Intensity of media coverage
- Anxiety: Level of negative sentiment
Output
- The variables with the highest coefficients reveal the primary drivers of VIX volatility