Volatility Crushed Like It's 2009 as ‘Pale Green Lights’ Flash


By Luke Kawa

(Bloomberg) -- On Christmas, U.S. markets were given a gift as calm showed the first signs of overcoming panic. 

During December’s market mayhem, the daylight hours were traders’ worst nightmares. On average, the S&P 500 Index would slump marginally overnight, but tumble 1.1 percent from the U.S. open to the close of regular trading hours. That changed after Dec. 25.

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