US equity markets are experiencing massive volatility today with the S&P 500 down over 50 points at one point before rebounding

Jay Soloff

Argonath Financial

US equity markets are experiencing massive volatility today with the S&P 500 down over 50 points at one point before rebounding. The VIX climbed above 30 earlier in the day setting a new 52-week high. What's more, the 10-year yield even dropped below 2% for a time. The markets have recovered somewhat from the early selling, but today's close could be highly volatile. Basically, negative retail sales (-0.3% compared to -0.1% expected), poor bank earnings, and another reported US-based case of Ebola combined to spook the markets into a sizable pullback. I've also been reading that there's a major lack of liquidity in the markets, which is resulting in larger than normal moves (both up and down). Potentially, it means we could see a quick turnaround on any positive news. However, as long as the VIX is anywhere near 30 it's a good idea to hold onto your hats. We could be in for a serious bout of volatility. (VIEW LINK)


Jay Soloff
Research Analyst
Argonath Financial

I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...

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