❗ Wall Street recovered from the losses yesterday but scary COVID statistics are testing investors’ nerves.
Volatility (VOLX) has been moderate recently but yesterday saw the first major rise since 2 October. While the rise yesterday was ultimately quashed, we see it returning today. The reason is obvious – ugly COVID statistics from Europe.
Looking at the chart, traders may notice a similarity to late August when initial bursts of volatility were quelled but eventually it soared with VOLX rising some 40% in the course of just few days.