One of the most infamous trades on Wall Street is roaring back

One of the most infamous trades on Wall Street is roaring back
in February 2018 a downturn in the S&P 500 sparked a surge in the VIX (Cboe Volatility Index), wiping out billions of dollars in trades betting against volatility that had built up during years of relative calm. (Image: Bloomberg)
Bloomberg
(Bloomberg) -- Forget the artificial intelligence frenzy – the most exciting trade on Wall Street right now might just be betting on boring.As winners of the AI boom like Nvidia Corp power benchmark stock gauges to record after record, a less remarked-upon phenomenon has been unfolding at the heart of the United States market: Investors are sinking vast sums into strategies whose performance hinges on enduring equity calm. Known as short-volatility bets, they were a key factor in the stock plunge of early 2018 when they wiped out in...

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