Source item

Quoted context

These are the quoted author’s words.

⚠️THIS IS INSANE: The volatility of an average stock in the S&P 500 index spiked to ~11% over the last month, the highest level since the Great Financial Crisis. At the same time, the index has been flat. In the past, such a divergence occurred only during periods of EXTREME market STRESS. Higher single-stock volatility versus the S&P 500 has been observed only 1% of the time over the last 30 years. The market is falling apart under the hood.

GlobalMktObserv ↗