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At the beginning of the week, we warned of a possible volatility spike and turbulence in financial markets with only a couple of days remaining to the US presidential election. However, Wednesday turned out to be an ugly one for investors and much worse than expected. The S&P 500 plunged 3.5% in its biggest drop since June, with all sectors falling more than 2%. Technology stocks were hit the hardest falling 4.38%, followed by Energy and Industrials which declined 4.18% and 3.47% respectively. Those seeking to protect their portfolios through put options are now finding it much more... Read More
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