PCM - VXX - Another Useful Tool That Acts As A Put Option On The Stock Market
Every once and a while we get a reminder that the stock market in the United States is not a one-way street to the upside. On Thursday, October 4 gravity hit stocks once again, and share prices tumbled. The Dow Jones Industrial Average fell by over 200 points while the S&P 500 posted a greater than a 23-point loss on the session. The tech-heavy NASDAQ fell by over 145 points or more than 1.80% during the session. On Friday, stocks continued to slump.
Stocks had ignored the threat and reality of rising interest rates over