This is just a short post to document something remarkable.
Volatility is actually above 2008’s high levels.
With the Dow Jones Industrial Average (DIA) posting is second worst percentage decline ever, and a cluster of recent days on the worst performing days list, perhaps the jump in volatility amid the COVID-19 pandemic should not be a surpise.
Adding to the narrative, the S&P 500 Index (SPY) posted its third worst percentage decline day ever.
Ultimately, volatility is opportunity, and this elevated volatility will not be around forever. Thus, I think market participants should be making their shopping lists for what to own on the long side.