The closely watched stock market volatility expectations index surged Thursday, as the sell-off spearheaded by technology shares dragged the main gauge sharply lower. The Volatility Index, known by its ticker symbol “VIX”, rose to 33.07 after trading at a more than seven-week high of 32.77. The increase brought the VIX above its 200-day moving average. The VIX is an options-based measure of expected volatility over the next 30 days for the S&P 500 which typically spikes during major stock market selloffs, also tends to fall during long, gradual rallies, but remains high above the long-term average, as stocks push back into record territory in recent weeks.
Stocks were under heavy pressure on Thursday, the technology-led selloff saw USA100 down nearly 5%, while USA500 was down 3.5% and USA30 2.7%.
Don’t forget to follow and register for FREE WEBINAR ONLINE immediately
Click here to access the Economic Calendar
Ady Phangestu
Market Analyst – hfindonesia
Disclaimer:This material is provided as general marketing communications for informational purposes only and is not provided for independent investment research. This communication does not contain investment advice or recommendations or solicitations for the purchase or sale of any financial instrument. All information presented comes from a trusted, reputable source. Any information that contains an indication of past performance is not a guarantee or reliable indicator of future performance. Users should be aware that any investment in Leveraged Products is subject to a certain degree of uncertainty and that any investment of this type involves a high level of risk for which the sole responsibility and responsibility is borne by the user. We are not responsible for any losses arising from any investment made based on the information provided in this communication. Reproduction or further distribution of this communication is prohibited without our prior written permission.
Risk Warning : Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high level of risk to your capital. Before trading, please ensure that you fully understand the risk involved, taking into account your investment objectives and level of experience and seek independent advice and input if necessary.
