WS #16946
Market volatility has spiked to extreme levels, with the VIX surging over 70% on the day, marking its biggest daily gain since February 2018. This surge is accompanied by widespread trading halts across leveraged ETFs and significant liquidation cascades in crypto markets. The cost to protect SpaceX debt against default has also hit a record high, reflecting heightened political risk perception for Elon Musk's companies. The market is in a state of panic selling, with no clear support levels identified.
Volatility and Market Stress
Market volatility has spiked to extreme levels, with the VIX surging over 70% on the day, marking its biggest daily gain since February 2018. This surge is accompanied by widespread trading halts across leveraged ETFs and significant liquidation cascades in crypto markets. The cost to protect SpaceX debt against default has also hit a record high, reflecting heightened political risk perception for Elon Musk's companies. The market is in a state of panic selling, with no clear support levels identified.