, Columnist
Powell Shows Markets He Won't Be Rattled by Volatility
The smart money may head for the hills anyway.
Keeping his poker face.
Photographer: Chip Somodevilla/Getty ImagesThis article is for subscribers only.
Markets are unmoored. Tried-and-true patterns that dictated trading behavior have broken down, leaving many investors at a loss, both figuratively and literally.
The Cboe Volatility Index, or VIX, a gauge of stock market volatility derived from the prices of options tied to the S&P 500, has almost doubled in this year’s first quarter.
