Markets were already in trouble before Friday and the bombings in Paris certainly shouldn’t help. In early Sunday evening trade, Australia was down over 1% while tech and Europe nearly 1% but all were paring losses. It could’ve been a lot worse.
Implied volatility came screaming off as the stock market rallied on Tuesday. The catalyst was a warm and fuzzy feeling flowing from China after the central bank slashed interest rates in an effort to help stem the tide of selling.