Hm, all I can find are these small bumps in the end of January. [But I can’t figure out how to attach screenshots here.] I also can’t really see a plateau effect afterwards. An actual reaction, from a cursory view, only seems to happen on the 20. February. I’m not capable of saying whether these bumps show a market reaction or if it’s largely noise. Looking at the time before, it doesn’t seem like an unusual behaviour. [But I’m really not good at properly reading such charts, so I’d be interested in how you came to your conclusions.]
Hmm, maybe you are right. I had a discussion about this in regards to another one of my posts about COVID-19 and the stock market, but now that I’m looking again I don’t really see anything like what I was describing.
The steelman that VIX responded to COVID-19 in January is that it went up 40% from Jan 23-27. For whatever reason, this chart makes it easier to see the bump I’m talking about. It’s not dramatic compared with the explosion in mid-Feb, but that accords with the idea that the market was unsure about whether COVID-19 was going to be a replay of SARS or something much worse, and didn’t decide until the hard evidence came in of international community spread on Feb. 21.
Hm, all I can find are these small bumps in the end of January. [But I can’t figure out how to attach screenshots here.] I also can’t really see a plateau effect afterwards. An actual reaction, from a cursory view, only seems to happen on the 20. February. I’m not capable of saying whether these bumps show a market reaction or if it’s largely noise. Looking at the time before, it doesn’t seem like an unusual behaviour. [But I’m really not good at properly reading such charts, so I’d be interested in how you came to your conclusions.]
Hmm, maybe you are right. I had a discussion about this in regards to another one of my posts about COVID-19 and the stock market, but now that I’m looking again I don’t really see anything like what I was describing.
The steelman that VIX responded to COVID-19 in January is that it went up 40% from Jan 23-27. For whatever reason, this chart makes it easier to see the bump I’m talking about. It’s not dramatic compared with the explosion in mid-Feb, but that accords with the idea that the market was unsure about whether COVID-19 was going to be a replay of SARS or something much worse, and didn’t decide until the hard evidence came in of international community spread on Feb. 21.