Topley’s Top Ten – Short Version March 23, 2018

Loyola Chicago Added Volatility to Everyone’s NCAA Pool as Trade Wars Add Vol to Markets.

1.After No Volatility in 2017….Six Sessions of 20% Moves in VIX 2018.

Volatility has been extremely, well, volatile this year.

The Cboe Volatility Index VIX, -1.84%  has seen multiple days with extremely sharp moves so far in 2018, including on Thursday, when it jumped 30.7% to 23.35.

According to data from the WSJ Market Data Group, the so-called “fear index” has experienced six sessions this year that saw a jumped of least 20%, along with one day that saw a 20% drop. Notably, volatility more than doubled on Feb. 5, amid the start of a steep selloff in the U.S. stock market spurred by inflation concerns.

The tally of seven sessions stand as the most one-day 20% moves in a calendar year since 2014, when there were also seven throughout the entire year. Looking solely at the six 20% increases, the total is the most for a calendar year since 2015, when there were also six.

There’s been a historic amount of earthshaking stock-market volatility this year

By Ryan Vlastelica

VIX Volatility Index in 2018

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