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ETF tracking | Volatility double long ETF rose by 16%; Leveraged long ETF for super micro computer plummeted over 70% in two days
On Thursday, October 31, the three major stock indexes in the United States all fell. The s&p 500 index closed down 108.22 points, a decrease of 1.86%, to 5705.45 points. The October cumulative decline was 0.99, ending the continuous rise since May. The dow jones industrial average fell 378.08 points, a decrease of 0.90%, to 41763.46 points. The October cumulative decline was 1.34%, ending the uptrend since May. The nasdaq composite index, mainly composed of technology stocks, also closed lower.
Market Volatility Jumps to Its Highest Level in Nearly Three Weeks
Will the volatility come back? Goldman Sachs expects increased risk and recommends buying VIX call options.
According to Goldman Sachs' model estimation, based on the current macro environment, the VIX level should be 24.5, significantly higher than the current level; and over the past 30 years, the VIX has averaged a 6% increase from September to October each year; the US stock market also faces macro/macro catalysts such as the election, Fed meeting, and October earnings season.
"Panic index" soars again! How should investors respond during the global stock market turmoil?
Due to the strong negative correlation between the VIX index and the stock market, many investors choose to diversify their investments, hedge position risks, or engage in short-term speculative trading through VIX-related financial instruments.
VIX Tumbles and Completes Largest 7-day Volatility Drop in History
Global stock markets may have to climb out of a pit for six months, but don't panic!
Analysts suggest that it may not be a good idea to panic sell following the market, because the best days often come right after the worst ones.