That wasn’t as bad as it could have been or maybe even should have been, now was it? The Dow Jones Industrial Average fell 1.2%, or 287.26 points, to close at 24,700.21. At its intraday low, the Dow was down by as many as 420 points. Tuesday’s decline marked the 6th straight drop for the Dow,…
The CBOE Volatility Index fell for a sixth straight session on Thursday, dropping to 13.23. Briefly during the trading session, the VIX dropped below 13 before recapturing the 13 level. This marked the VIX’s lowest close since Jan. 26, meaning it has completely erased the massive spike it saw in early February, when concerns over…
Investors are hopeful that April proves a better month for equities than did March and after closing out a bearish quarter for the benchmark S&P 500. Through March, the Dow fell 3.7%, the S&P 500 lost 2.7%, and the Nasdaq fell 2.9 percent. In the first quarter, the blue-chip gauge fell 2.3% and the S&P…...
That was a pretty bullish end to an otherwise fear littered week that centered on two major points of interest, trade tariffs that could possibly lead to a trade war and the Nonfarm Payroll report that brought with it wage inflation data. Prior to these two highly hyped market realizations coming into focus I offered…
Well…Fed Chairman Jerome Powell held his first testimony on Capital Hill yesterday and it didn’t take market participants long to key in on the possibility of the Fed raising rates more than the anticipated 3 times in 2018. Prior to his testimony, prepared remarks were publicly released. The most balanced of the remarks was as…
How Does SVXY Work? February 9, 2018 Vance Harwood Just about anyone who’s looked at a multi-year chart for a long volatility fund like Barclays’ VXX has thought about taking the other side of the trade. ProShares’ SVXY is an Exchange Traded Fund (ETF) that allows you bet against funds like VXX while avoiding…
Well, the economic data released today was anything but favorable and yet the market, for now, is seemingly shrugging off the data. Everyone was waiting with bated breadth for the inflationary data coming into today’s market trade, hoping for a benign reading. But what they got was worse than expected in the way of CPI.…
After two strong market performance days, Tuesday is looking like yet another reversal with U.S. equity futures in the red ahead of the market open. The Dow, Nasdaq and benchmark S&P 500 all finished higher by more than 1.3% in Monday’s trading session and after the White House revealed the budget. President Donald Trump unveiled…
When Jim Cramer blamed “a group of complete morons” for the recent market downturn, he didn’t necessarily call out short-vol traders by name, but it certainly isn’t difficult to read between the lines: Cramer has also recently called XIV a “phony product” as well as a “toxic cigarette for the market.” Sure, it’s easy to…
U.S. equity markets rallied higher in late trading yesterday and after a hard and steep fall in the prior two trading sessions. On Tuesday, the Dow jumped by 567 points, or 2.3%, for its biggest percentage gain in two years. The S&P 500 closed 1.7% higher on Tuesday, while the Nasdaq Composite gained 2.1 percent. But after strong…
