FYI: Investors should consider Mike Tyson’s observation about boxing after last week’s stock market drama. The kerfuffle certainly hasn’t delivered a knockout blow, but the volatility rattled many investors, especially as bond yields increased and stock prices declined.
The CBOE Volatility Index, or VIX, is at its highest level since November 2016, and seems “sticky,” to use trader talk to describe price behavior.
On Friday, the fear gauge closed at 17, a level still below its long-term average of 19, and psychologically seemingly eons away from those recent sub-10 levels when it appeared as if Standard & Poor’s 500 index options volatility might be stuck in the single digits.
Regards,
Ted
http://www.cetusnews.com/business/Finally--Investors-Get-Punched-by-Volatility.H1oO-AzIz.html
