Yes, I saw the VIX had closed in the red Friday, but virtually flat on the day. One could take some solace from that… however, I also saw that the TVIX and UVXY closed up 11.8% and 9.2% respectively. This disparity would seem to be reflective of the S&P closing down -46.88 points. Seth, time allowing… can you comment on this, please? Thank you!
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The Securities and Exchange Commission held a two-part public panel discussion on Thursday to ask again if reporting earnings quarterly promotes “short-termism” — an unhealthy focus on short-term results to the detriment of long-term performance.