{"id":421332,"date":"2020-04-20T16:00:11","date_gmt":"2020-04-20T16:00:11","guid":{"rendered":"https:\/\/ktsl888.com\/?p=421332"},"modified":"2020-04-20T15:33:28","modified_gmt":"2020-04-20T15:33:28","slug":"vix-points-to-turbulent-week-as-oil-prices-tank-to-lowest-in-two-decades","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/vix-points-to-turbulent-week-as-oil-prices-tank-to-lowest-in-two-decades\/","title":{"rendered":"VIX Points To Turbulent Week As Oil Prices Tank to Lowest in Two Decades"},"content":{"rendered":"

Traditional markets are on fire, going toe-to-toe with speculative cryptocurrencies like Bitcoin<\/a> in terms of insane intraday volatility and enormous price movements. The latest shock is in oil prices, which fell this morning by over 40% to the lowest level in over two decades.<\/p>\n

The massive drop in coordination with drops across the stock market has caused this week’s VIX volatility index to surge by over 6.9% at open, suggesting that there’s much more turbulence across traditional markets in the week ahead.<\/p>\n

20-Year-Lows: Oil Prices Fall 40% At Open, Down 80% Year-to-Date<\/h2>\n

This morning when markets open, oil prices collapsed to the lowest prices in the past 20 years, and the Dow Jones Industrial Average<\/a> fell by over 500 points as a result. Other stock market indexes also plunged following the news that the economy may not be reopening anytime soon.<\/p>\n

Oil prices dropped by over 40% at open, and are down over 80% year-to-date.<\/p>\n

\"oil<\/p>\n

The selloff could be partly responsible for causing Bitcoin to temporarily breach below $7,000<\/a> after the asset had spent the weekend trading above the key level.<\/p>\n

But the coronavirus continues to keep the economy at a standstill, as citizens across the globe stay quarantined to prevent further spread of the dangerous and deadly pandemic.<\/p>\n

Related Reading | Stock Market Prints TD9 Sell Signal, Correlated Bitcoin Could Plunge in Tandem<\/a><\/strong><\/em><\/p>\n

Peak coronavirus concerns last month caused an epic selloff across all markets, setting record-breaking numbers across a variety of assets.<\/p>\n

Markets may soon be in for round two of the panic-induced selloff, according to the VIX volatility index.<\/p>\n

\"oil<\/p>\n

VIX Volatility Index Hints At Turbulent Week Ahead in Traditional Markets<\/h2>\n

Starting off the week, the VIX has risen by 6.9% due to the extreme volatility in oil prices and the stock market, potentially signaling an extremely volatile week ahead.<\/p>\n

VIX is the Chicago Board Options Exchange’s CBOE Volatility Index<\/a>, and it is currently down 50% from the high reached in mid-March on “Black Thursday” when the stock market, cryptocurrencies, and nearly every other asset in the finance world saw record-breaking collapses.<\/p>\n

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The $$VIX begins the week +6.9% to 40.8.<\/p>\n

More turbulence ahead<\/p>\n

— Ted Darling (@tdarling1) April 20, 2020<\/a><\/p><\/blockquote>\n