Perspective on Recent Market Volatility
We have witnessed a significant correction in the global stock markets over the past two weeks. The S&P 500 has dropped 11% since July 22, the largest two-week percentage drop since March 2009. The mood in the financial markets has turned gloomy. Yields on U.S. Treasury bonds have fallen close to record lows, reflecting investors’ fears. The Vix Index, which measures stock market volatility, is up markedly. Click here for the full article.