VIX May Have Peaked But U.S. Stocks Could Go Lower Still, BNP Paribas Says

While the Cboe Volatility Index may have peaked, there could still be a second-leg lower for stocks, according to a BNP Paribas analysis of 27 market crashes over the last 100 years. Strategists at the French bank in New York are proposing put spreads and other derivatives strategies for different market scenarios, depending on investors’