|The VIX, a gauge of stock market volatility, spiked 43% to 82.69 on Monday. Feeding the volatility is the thinning out of markets. Open orders for S&P 500 futures have plunged about 90% to record lows since the start of the Covid-19 panic.|
Observers say investors have 'woken up' to the fact the economy is inevitably heading towards a severe global correction. Things were much more uncertain of this a scant 2 weeks ago.