857 days ago • Posted by Paul de La Baume
High volatility continues #stocks #markets #Nasdaq
In early US premarket risk-off sentiment continues with large cap stock down 1.7%, as investors digest lockdown fears due to Omicron cases. European stocks are tumbling 2-2.5%. The timing is particularly delicate as it follows central banks announcements of gradually tightening monetary policies in response to high inflation. Markets may also be more volatile as participants are hesitant to initiate new positions before the new year and volumes are typically lower around the holidays. Volatility (CBOE Vix Index) is up 33% this morning, and the US 10 Year Treasury Note stands at 1.37%. Intra-day volatility is high as illustrated below (chart by Bloomberg).
