Even before Friday’s sell-off jolted the US sharemarket out of its calm, some traders were preparing for unrest.
While the benchmark S&P 500 Index was hovering near an all-time high and the Cboe Volatility Index was well below its five-year average, under the surface a more sceptical picture was shaping up – one that’s been already vindicated by the biggest sell-off in two months.
Source: https://www.afr.com/markets/equity-markets/traders-are-lining-up-hedges-before-pivotal-nvidia-earnings-20250224-p5lepe