Panic Creeps Up as VIX Curves Invert for First Time Since March
- CTAs sell stocks at fastest pace since at least 2014: Goldman
- Extreme fear tends to set the stage for a market recovery
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The US stock selloff is spreading panic among volatility traders at a scale unseen since the regional bank crisis in March. In perverse Wall Street logic, that’s raising hopes that the equity rout is on its last legs.
As stock losses gathered pace Tuesday on still-surging Treasury yields, derivatives pros priced in more turbulence in the here and now than in the future.