NEW YORK (Reuters) – What do you do when daily stock market gyrations all but dry up? Apparently, trade volatility like never before.
FILE PHOTO: The opening numbers are displayed on the floor at the opening bell of the New York Stock Exchange (NYSE) in New York, U.S., December 27, 2019. REUTERS/Bryan R Smith
Among the myriad Wall Street legacies of the soon-ending 2010s has been the emergence of market volatility – or the magnitude of security price swings over short time spans – as an asset class unto itself. It is all the more notable against the backdrop of the decade’s fairly persistent market calm.
The Cboe Volatility Index .VIX – nicknamed as ‘Wall Street’s fear index,’ – is on track to end the decade at a level about a third lower than its lifetime average, according to Refinitiv data. With the S&P 500 Index nearly tripling since the end