Expect some ripple effects as record-breaking volatility rattles Wall Street following last week's global sell-off, UBS warns.
Expect some ripple effects as record-breaking volatility rattles Wall Street, according to UBS. "We anticipated a cooling CPI to take some wind out of the VIX sails, but there are still aftershocks when VIX spikes to such a degree, especially if recession is still potentially on the table," wrote Maxwell Grinacoff in a Thursday note to clients.
The volatility index also attained two key milestones, tracking its fastest spike from lows exceeding 25 points on record and its fastest retracement, that strategist noted. However, the pace of that means reversion may be "too far, too fast." Using two models, UBS suggests that the fair value for the VIX spot should hover somewhere between 20 to 22. The index was last down nearly 6% during Thursday's session to roughly 15.
Stock Markets Investment Strategy Business News
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
2 NYPD officers in stable condition after being shot in Manhattan, police sayThe NYPD asked that residents avoid Canal Street between Chrystie Street and Allen Street.
Baca lebih lajut »
If you travel to the town of Brownsburg, expect construction on Main StreetLauren Schwentker joined WRTV as a Multimedia Journalist in July of 2024 after spending three years in Springfield, Missouri at the local NBC and ABC affiliate, KY3.
Baca lebih lajut »
Walmart beats Wall Street expectations, raises outlook as it offers more grocery discountsWalmart, the largest retailer and private employer in the U.S., beat Wall Street expectations as shoppers respond to the thousands of grocery price cuts.
Baca lebih lajut »
Powered by Coach, Tapestry’s Q4 Earnings Top Wall Street EstimatesThe Tapestry (TPR) Q4 2024 earnings are in with CEO Joanne Crevoiserat touting a successful year.
Baca lebih lajut »
Inside the $93 million Wall Street heist that stemmed from RussiaCNBC podcast 'The Crimes of Putin's Trader' recounts the rise and fall of Vladislav Klyushin and his business empire. He was just released from a U.S. prison in a prisoner swap.
Baca lebih lajut »
Asian shares trade higher after Wall Street rise and Japan GDP data show growthAsian shares are trading mostly higher after the latest update on U.S. inflation came in almost exactly as economists expected, and data on Japan’s economy showed relatively healthy growth.
Baca lebih lajut »