VIX Up 81% Shows Extent of Stock Market Pain in Jarring Quarter
- Volatility almost doubles for the quarter as concerns mount
- The S&P 500 posts the first three-month decline since 2015
HSBC's Laidler Says Market Volatility 'Back to Reality'
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Are we having fun yet?
For two years traders bemoaned the tranquility in global equity markets. That era just ended in a fit of turbulence, as stocks plunged into the first correction since early 2016 and volatility almost doubled from historically low levels over the past three months. Dip buying no longer worked, and holding tight on the S&P 500 Index delivered the first quarterly loss in 2 1/2 years.