Here’s what stock-market experts are blaming Friday’s wild price swings, and it’s not just quadruple witching
Friday is shaping up to be a doozy of a session on Wall Street, capping what has been a stomach-churning ride in markets over the past few weeks.
“Please fasten your seat belts and return your tray table to its full upright and locked position,” quipped Art Hogan, chief market strategist at National Securities Corporation, in comments on Friday afternoon.
The U.S. stock market’s Friday action seems particularly frenetic, and experts say that investors can attribute at least a part of the session’s moves to one novel factor: quadruple witching.
“This is the classic definition of volatility; big swings in both directions,” Randy Frederick, managing director trading and derivatives at Charles Schwab & Co., told on Friday.
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