By Ben Turney | Tuesday 25 August 2015
Much has been made in the media that US equity markets have had their worst period since late summer 2011. This morning, the burgeoning crisis has abated in response to the People’s Bank of China’s 0.25% interest rate cut. China’s baseline rate is now 4.6% and global markets have rallied strongly in response. However, it would be a surprise if this were anything other than a temporary reprieve, not least because of the spike in the CBOE Volatility Index (the VIX). The VIX tracks the volatility in the constituent stocks of the S&P500 and its latest reading is clear warning of a bumpy ride to come. Even so, if played correctly, this could prove to be extremely profitable.
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