VIX INDEX PRIMED FOR RECORD HIGH AS VOLATILITY EXPLODES AMID SUSTAINED SLIDE IN STOCKS, OIL & GOLDVIX seems geared as much as
VIX INDEX PRIMED FOR RECORD HIGH AS VOLATILITY EXPLODES AMID SUSTAINED SLIDE IN STOCKS, OIL & GOLD
- VIX seems geared as much as print its strongest shut on document because the selloff in shares endures and catapults the VIX Index larger
- S&P 500, crude oil and gold price motion took one other plunge on Wednesday alongside an astronomical climb in cross-asset volatility benchmarks
- The VIX Index may maintain driving larger to flirt with intraday highs printed throughout the global financial crisis over a decade in the past
The inventory market rout worsened on Wednesday as world markets hemorrhaged on the again of coronavirus issues as soon as extra. Regardless of aggressive efforts from the FOMC to include monetary market misery, the S&P 500 Index succumbed to another sharp selloff in shares whereas traders proceed to liquidate positions.
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As recession risk intensifies and danger urge for food vanishes, shares have slid roughly 30% during the last 20 buying and selling classes. In the meantime, the VIX Index, or fear-gauge, has rocketed to excessive highs that had been…