The financial press can’t stop talking about it. The S&P 500 has had the longest stretch (468 days) without a 10% correction, the first time this has happened since 1996 (good discussion here). We have …
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Today is the last major options expiry of 2013. Options traders, including ourselves, will mostly be left with options positions in 2014 after today. In preparation for the start of the new year, I wanted …
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Implied volatility is getting sold in all asset classes now. Last week, FX vol had ticked up a bit, but that has moved back lower in the last week and joined its equity brethren in …
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In my inaugural Vol Around the World post last week, I wrote that, aside from USD / JPY, all other assets on the list basically had implied volatility near 1 year lows. Implied volatility has …
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The U.S. stock market is more directly impacted by global events than in decades past. One simple illustration of that phenomenon is how the ownership of U.S. stocks has changed. Here is a great table, …
Continue readingI wanted to start with the big picture for the first Chart of 2013. Today’s chart comes courtesy of the Global Macro Monitor blog, which pulled the chart from Federal Reserve and Bureau of Economic …
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A crucial week for markets lies ahead, as the market battles the 200 day moving average in the SPX index for only the second time this year. But with quiet markets overnight (Asia and Europe …
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For efficient market theorists, the calendar shouldn’t matter. Who cares if it’s the 1st of the month or the 10th of the month, value is value. But market structure has certainly changed over the last …
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