What a week it was for the major averages. The meteoric rise would almost have to find perma-bears and “top callers” in dismay had they not left long positions in play until the markets showed actual signs of resistance and subsequent declines. The Dow Jones Industrial Average climbed 4.4% and the S&P 500 has rallied…...
If you trade the within the VIX complex you are likely following a trend that has tapped into the “the nature of volatility”, which is to decline over time. But the question many may have not considered is why, why is that the nature of volatility. For most people trading the VIX complex or volatility…
We heard from one Federal Reserve President today, whom offered a cautionary statement to markets. The Federal Reserve may have to “press harder on the brakes” at some point over the next few years, increasing the risk of a hard landing for the economy, New York Fed President William Dudley said Thursday. It should be…
Models are useful. They help us understand the world around us and aid us in predicting what will happen next. But it’s important to remember that models don’t necessarily reflect the underlying reality of the thing we’re modeling. The Ptolemaic model of the solar system assumed the Earth was the center of everything, but in spite of…...
Entering Thursday, U.S. equity Futures are flat to slightly higher as bond yields pull back from yesterday’s headlines in price. After the 10-yr U.S. Treasury touched 2.59% it has pulled back to 2.53% in early morning trade. As the Asian markets traded overnight, headlines surrounding China’s “U.S. bond policy” came into focus. China’s regulators pushed…
That was much to do about nothing now wasn’t it. Well, the major averages did finish lower, which is a bit of a new occurrence in the New Year. And after a bump in volatility at the opening of the trading day, the VIX managed to finish below 10 once again in 2018. The S&P…
The S&P 500 Dow industrials and Nasdaq Composite closed at records Tuesday. The S&P 500 and Nasdaq have closed at records every trading session of 2018. Thus far, the strength in the U.S. has found global equities on the rise. At these global equity levels bearish bets on the market are on the rise…akin to what…
Momma said there’ll be day’s like this, there’ll be days like this…well you get the picture. The VIX pushed up against and just beyond 10 today or roughly 5% higher. This with the major averages largely higher. It wasn’t until the final trading hour that VIX M1 and M2 Futures started to catch some serious…
Today, as part of the Golden Capital Portfolio holdings update, I will be adjusting capital exposure minimally with iPath S&P 500 VIX Short-Term Futures ETN (VXX) and/or ProShares VIX Short-Term Futures ETF (VIXY). Given the scarcity of shares to borrow in UVXY presently and likely until shares undergo a reverse split later this month or thereafter, VXX…...
Aggregate Estimates and Revisions by David Aurelio Fourth quarter earnings are expected to increase 11.9% from Q3 2016. Excluding the Energy sector, the earnings growth estimate declines to 9.4%. Of the 500 companies in the S&P 500 that have reported earnings to date for Q4 2017, 78.9% have reported earnings above analyst expectations. This is above…...
