Volatility and uncertainty are back with a bang

Volatility and uncertainty are back with a bang
Some $4 trillion worth of equities values have been wiped out around the globe Picture: Bloomberg

Turmoil on the world markets began last week when, by the end of Monday, $4 trillion-worth of equities values had been wiped out around the globe

What a difference a week makes. Following months of historically low volatility, the start of this week marked the largest daily move in the Chicago Board Options Exchange (CBOE) volatility index, VIX, on record. On Monday, the markets’ ‘fear gauge’ rose 115.6 per cent on the previous week’s closing, forcing heavy losses on the cottage industry of traders who make their living shorting the index.

Please Subscribe or Log in to continue reading

Subscribe Login

Independent journalism every day

With digital access you can read The Business Post whenever, wherever, and however you want.

  • Unlimited access to all sections of The Business Post on desktop, tablet and mobile.
  • Breaking news, comment and analysis from the best Business Post writers seven days a week.
  • Live blogs of major news events
  • Videos and podcasts from some of the industry's most respected journalists such as Tom Lyons, Susan Mitchell and Ian Guider
  • Access to The Business Post's extensive archive​

Related Articles

More from The Business Post