There are multiple key point to carry forward for future market analysis.
The Fed is concerned about the economy and the coronavirus spread. It is taking actions that I would not have expected to see.
Fed is ordered banks to cap dividends and the Fed will not allow share buybacks.
If you are serious about investing please read this article
Large hedge funds and key money manager from around the world are skeptical about the solutions that political leaders are implementing: those Governments Actions and Interest Decisions will take us to places where most investors dont have resources to consider, test nor explore.
Here is a video that can give you a glimpse from Bridgewater.
I expect volatility to be high and the VIX might not be the best instrument to reflect it.