Goldman Sachs Group traders said that the sharp sell-off experienced by the US stock market has pushed market fears to an extreme level where there will be a strong rebound in the medium term based on historical experience. The bank's Volatility Panic Index surged to 9.57 on Thursday, crossing the 9.5 panic zone threshold. That day's pull-up of about 5 points was the third-largest single-day increase in history. Trader Lee Coppersmith and others pointed out that the same indicator also experienced the fourth largest single-day decline in history on Wednesday, so the two-day fluctuation set a record high. , “The combined volatility of these two days set a record high, which I think shows how fast the market is changing from euphoria to complete panic,” Coppersmith said. Wall Street has been shrouded in fear for months. Then, in an instant, everyone scrambled to seize the door. The Nasdaq 100 index fell more than 6% on Thursday, the heaviest decline since the COVID-19 pandemic in March 2020.

Goldman Sachs Group traders said that the sharp sell-off experienced by the US stock market has pushed market fears to an extreme level where there will be a strong rebound in the medium term based on historical experience. The bank's Volatility Panic Index surged to 9.57 on Thursday, crossing the 9.5 panic zone threshold. That day's pull-up of about 5 points was the third-largest single-day increase in history. Trader Lee Coppersmith and others pointed out that the same indicator also experienced the fourth largest single-day decline in history on Wednesday, so the two-day fluctuation set a record high. , “The combined volatility of these two days set a record high, which I think shows how fast the market is changing from euphoria to complete panic,” Coppersmith said. Wall Street has been shrouded in fear for months. Then, in an instant, everyone scrambled to seize the door. The Nasdaq 100 index fell more than 6% on Thursday, the heaviest decline since the COVID-19 pandemic in March 2020.