Investors are betting on stocks to remain volatile well into the year, suggesting that many expect the long-term economic and public health impact ...
Investors are betting on stocks to remain volatile well into the year, suggesting that many expect the long-term economic and public health impact of the pandemic caused by the novel coronavirus to continue roiling markets despite a recent rally.
The Cboe Volatility Index, known as Wall Street's fear gauge, recently traded at 43.36 on Wednesday from a record closing high of 82.69 on Mar. 16.Prices for near-term VIX futures, which reflect expectations of volatility in coming months, have dropped as well in the past two weeks. Front-month VIX futures, which expire on Apr. 15, were last trading at 42.15 from 45.875 on Mar. 26.
Their continued buoyancy reflects expectations that it will likely take months for investors to get a clear picture of the economic impact of the pandemic. Recent U.S. data have only begun to reflect the damage to employment and other areas. "There's a danger of getting lulled into complacency in the summer that we'll get to 'normal,' and then get a repeat of this in the fall," said Amy Wu Silverman, equity derivatives strategist at RBC Capital Markets.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Futures surge on early signs of coronavirus slowdown in hot spotsU.S. stock index futures bounced for a second straight day on Tuesday as risk appetite returned on tentative signs the coronavirus outbreak was ...
Read more »
Zoom’s security backlash points to bigger threats in coronavirus-led telecommuting wave, experts sayHONG KONG — Even as popular video conferencing app Zoom pledges to improve in response to privacy and security concerns, experts warn that the platform is just one example of larger security threats looming due to the global wave of remote working and learning caused by the novel coronavirus pandemic.
Read more »
Coronavirus: Malaysia comes up with new ways to help Ramadan bazaar trade amid outbreakKUALA LUMPUR (THE STAR/ASIA NEWS NETWORK) - Malaysia's three federal territories (FT) of Kuala Lumpur, Putrajaya and Labuan won't hold the hugely-popular Ramadan food bazaars this year due to the coronavirus outbreak, with authorities cobbling together three different ways to help Muslims buy their food and drinks from street traders during the upcoming fasting month.. Read more at straitstimes.com.
Read more »
Football: Rangers players, staff defer wages for 3 months amid coronavirus crisisGLASGOW (REUTERS) - Rangers manager Steven Gerrard says the decision by the club's players, directors and staff to defer wages by three months during the Covid-19 pandemic was a 'no-brainer'.. Read more at straitstimes.com.
Read more »
Fukushima Olympic Flame display cancelled over virus concernsThe exhibition of the Olympic Flame, due to remain on display in Fukushima until the end of the month, will be cancelled over coronavirus ...
Read more »