Wall Street’s fear gauge spike ‘isn’t that surprising’ in panicked market, Cboe Says

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 36 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 53%
  • Publisher: 50%

Business 뉴스

Currencies,Futures,Legal

The great volatility spike of 2024 was triggered by a sudden wave of deleveraging on Wall Street — rather than a collapse of economic confidence with echoes of the pandemic-era dark days. Now all market signs suggest that calm is set to return to US stocks after the recent mayhem.

A Wall Street street sign in front of the New York Stock Exchange in New York, US, on Wednesday, July 31, 2024. Federal Reserve officials held interest rates at the highest level in more than two decades but signaled they are moving closer to lowering borrowing costs amid easing inflation and a cooling labor market.

“Given the large SPX futures move premarket, a corresponding large move in the VIX index really isn’t that surprising,” she said in an interview. That spread didn’t last long, and by the end of the session it had shrunk to 8 points. To some market watchers, the swift comeback is an indication that the initial VIX jump likely overstated the fear among investors.

During Covid, it “was both a liquidity event and a macro shock,” she wrote in a note to clients. “What happened on Monday was purely a liquidity event,” she added. “There was no fundamental/macro reason underlying the move and therefore no reason to expect volatility to remain persistently high once the deleveraging was over.”

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 83. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

U.S. spot ether ETFs make market debut in another win for crypto industryOfferings from major firms trading on Cboe, Nasdaq, and NYSE
출처: globeandmail - 🏆 5. / 92 더 많은 것을 읽으십시오 »

U.S. spot ether ETFs make market debut in another win for crypto industryOfferings from major firms trading on Cboe, Nasdaq, and NYSE
출처: globeandmail - 🏆 5. / 92 더 많은 것을 읽으십시오 »