Markets give off 'Black Monday' vibes as stocks tank

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Global Financial Crisis أخبار

Global Markets,Black Monday,Stock Market Crash

Global markets have kicked off the week in full selloff mode, with measures of volatility shooting up by the most on record in a single day, while equity...

LONDON - Global markets have kicked off the week in full selloff mode, with measures of volatility shooting up by the most on record in a single day, while equity futures and cryptocurrencies plummet, reviving memories of past crises.

The excess volatility and the brutal nature of the selloff have prompted a number of comparisons with past market storms, - the 1987 Black Monday stock market crash, the global financial crisis of 2008, and the panic that the onset of COVID-19 lock-downs unleashed in 2020.The VIX index, which reflects changes in implied volatility on options on the S&P, is starting to signal distress.

It has also been a traditional safe-haven asset and strengthened around 7% on a weekly basis in both 2008 and in 1998, at the height of the Asian financial crisis. But the current move is likely more linked to an interest-rate play than down to risk appetite. Silver often moves in synch with gold, but lacks the same safe-haven appeal. It is down 5% on Monday, but, much like stocks and gold, this is a relatively modest decline compared with numerous double-digit down-days in 2020 and a near 16% fall in a single day in October 2008.Netflix shares have been under pressure over the past month but one analyst is "increasingly bullish" on the stock.

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Markets give off 'Black Monday' vibes as stocks tankGlobal markets have kicked off the week in full selloff mode, with measures of volatility shooting up by the most on record in a single day, while equity...
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