S&P 500 has first ‘death cross’ in three years. Here’s what happens next.

 

VIX Didn’t Break In Latest Volatility Shock

This time, it wasn’t derivatives’ fault.

When the stock market goes haywire, questions often arise about whether the surge in options trading in recent years could be responsible for aggravating swings. Just last month, concerns were growing that a buildup in dealer gamma would exacerbate market moves should a shock occur.

There was little of that chatter last week, outside of posts on X by billionaire investor Bill Ackman criticizing the use of leveraged exchange-traded funds and zero-day to expiry options. (more)