October 29, 2017 | Daily JAM, Friday Trick or Trend, Volatility |
Last week’s drop has again led to the question “So where’s the volatility?” After all it’s not like there aren’t dangers in this world that might lead a trader to bid up the price of protecting against those dangers. It’s certainly not in the VIX, which looks for volatility in the S&P 500 future. But there’s actually plenty out there. It’s just all in the Treasury futures market where traders are hedging their bets on 10-year and 30-year Treasuries big time. The implied volatility in those futures markets has soared in the last couple of weeks.
September 26, 2017 | Daily JAM, Morning Briefing, Short Term, Volatility |
There’s certainly no visible sign of a big surge in stock market volatility. Yesterday, when the news was full of threats and counter-threats of war with North Korea and when the tech sector dropped, the CBOE S&P 500 Volatility Index (VIX) climbed all of 12.2%. Today the VIX has retreated, falling 0.98% as of 3 p.m. New York time to 10.11. But this doesn’t mean nothing is going on in the volatility market or that big money traders aren’t placing bets on a spike in volatility.
September 12, 2017 | Daily JAM, Notes You Need, VIX |
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don’t justify a full post. I’ve decided to start compiling these notes here each day in a kind of running mini blog that I’m calling Notes You Need. I launched this new feature on JubakAM.com on December 1. It runs only on JAM and won’t appear anywhere else. For example, 10:20 a.m.: It looks like China’s monetary authorities are starting to relax about the yuan.
August 25, 2017 | Daily JAM, Morning Briefing |
These two risk indexes, the VIX and the SKEW, are showing very different views of the market with a SKEW that rose near record highs last week indicating fear of a low-probability event that would send the market down 10% or more. Meanwhile a low VIX is signaling complacency.
August 19, 2017 | Daily JAM, Friday Trick or Trend, Short Term, Volatility |
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August 17, 2017 | Daily JAM, Short Term |
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August 17, 2017 | Daily JAM, Morning Briefing |
The Standard & Poor’s 500 stock index closed down 1.54% today and the NASDAQ Composite fell 1.94%. Gold picked up 0.87%. The CBOE S&P 500 Volatility Index (VIX) broke above 15 again soaring 31.94% on the day. There was just too much for the markets to cope with today. On the fundamental front U.S. initial claims for unemployment dropped again in the last week
August 12, 2017 | Uncategorized |
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August 11, 2017 | Daily JAM, Short Term, Volatility |
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August 9, 2017 | Daily JAM, Volatility |
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August 9, 2017 | Daily JAM, Morning Briefing, Short Term |
Not surprisingly haven assets such as gold and the Japanese yen are up today. So are volatility measures such as the CBOE S&P 500 Volatility Index (VIX.) Surprisingly, the rush to safety hasn’t been as strong as you might expect after a day when U.S.President Donald Trump threatened North Korea with fire and fury and that country responded by threatening to nuke Guam.
August 8, 2017 | Daily JAM, Short Term |
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