Stock Volatility Isn't Dead. It's Just Got Freakish and Extreme
- HSBC, Goldman Sachs warn on vol-of-vol risk amid illiquidity
- Fast-money traders vulnerable to episodic swings in prices
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Beneath the calm in global stocks lies a brittle market prone to violent spasms.
As central banks snuff out market fears for now and the brewing melt-up banishes memories of last year’s meltdown, the threat of brief but extreme price swings looms over fast-money traders.