A mysterious trader known as '50 Cent' may have bet millions that volatility in the stock market will explode
Whoever"50 Cent" may be, they're anticipating a surge in the VIX as it currently sits around a 13-month low.
The VIX on Thursday soared 10% to push above 20. It was still down about 7% so far this year while theThe anonymous trader may be anticipating, among a laundry list of market factors, a ramp-up in anxiety around interest rates, with recent inflation readings showing consumer and wholesale prices have been slow to come down year over year, and even signs of a pick-up in prices on a monthly basis.
Investors have been whittling down expectations the Fed will start to cut interest rates this year after policymakers rapidly pushed them higher. Talk around the Fed upsizing future rate hikes swirled Thursday. Cleveland Fed President Loretta Mester and St. Louis Fed President James Bullard each said they would've supported increasing the size of rate hikes to 50 basis points at the February policy meeting and that more rate increases are needed to further cool inflation.
a VIX value of more than 30 is considered to signal heightened volatility from increased uncertainty, risk and investor fear. Values under 20 are usually linked to stable market periods.
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