2016 volatility ends on mild note after rough start
By Rick Baert
U.S. market volatility spiked in early 2016 but settled down for the rest of the year, with only sporadic spikes resulting from Brexit and the U.S. election, according to data from Investment Technology Group Inc.
Average volatility for the Standard & Poor's 500 stock index was 28% in 2016, up 3 percentage points from the 2015 average, said Sandor Ferencz, vice president-analytics at ITG in Culver City, Calif. That average was spurred by 34% annualized volatility in the first quarter of the year, continuing a trend that began in the latter half of 2015 as markets in China and Asia-Pacific were roiled...