Volatility theme of the month for March markets
Margin Call: Fisher & Paykel Healthcare and a2 Milk shoring up NZ equities market.
The record bull market in equities turned into a bear market in March, roughly 11 years after the last one ended. Volatility was extreme. The Cboe Volatility Index averaged 57.1 in March, triple the mean in the prior decade.
Volatility was not limited to equities. Gold topped $1700 in early
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