|Day's Range||12.78 - 13.46|
|52 Week Range||8.56 - 50.30|
People are pretty good at identifying goals, whether in investment portfolios, careers or relationships. A backcast is an exercise where you imagine having reached a goal and then you work backward to figure out what happened to get you there. To see how a premortem can reveal serious weaknesses in investment strategy, look at the February collapse of several arcane products known as “inverse-VIX ETPs.” The CBOE Volatility Index, or VIX, (^VIX) measures the anticipated volatility of the stock market over the next 30 days.
The Cboe Volatility Index rose on Monday, suggesting its longest string of losses in a year was coming to an end. The VIX rose 4%, or 0.5 point, to 13.15. Thus far this year, the VIX is up 19%, though it is down nearly 32% over the past three months.
Fading inflation fears are one piece of the puzzleAFP/Stocks are floating higher. Don’t look now, but U.S. stocks are in a decided uptrend as a period of market anxieties appear to have faded—at least for the moment. In its wake is a rally has ensued, with the Dow Jones Industrial Average (^DJI) on Thursday matching its longest win streak—six straight days—since a similar stretch ended Feb. 16, according to FactSet data.
Renewed U.S. economic sanctions against Iran could push its fragile economy into a death spiral. Sanctions are expect to slash oil revenue and foreign investment needed to shore up Iran's banking system. Iran's currency, the rial, has lost 25 percent of its value against the U.S. dollar over the past few weeks.
‘We want to be clear that we were disappointed with the [unusual VIX event on April] 18th, and we saw it as a liquidity challenge and nothing more. The comments were made as part of Cboe’s quarterly earnings call, after it reported strong earnings. Despite the quarterly numbers, Cboe shares fell Friday and are down some 17% so far in 2018.
Which risk should you be more scared by: American cities being vaporized by North Korean nuclear missiles, or the VIX spiking above 20? Judging by recent market reactions, investors are much more worried about volatility than they are by the prospect of nuclear armageddon. By contrast, February’s “volmageddon” had a direct impact on stock prices.
Investors cried foul on April 18 after the Cboe Volatility Index, or VIX, rose 10% in the course of a single hour during the morning options auction, just as VIX derivatives were expiring. Cboe Global Markets (CBOE) CEO Ed Tilly and Chief Operating Officer Chris Concannon said in a letter filed Monday with the Securities and Exchange Commission that there had been no foul play. A single trader with a large order can cause a ripple effect in the VIX ecosystem.
Wednesday’s trading, which saw futures contracts that track the VIX spike 10% when U.S. stocks were rising, is intensifying concerns about the soundness of the entire ecosystem of VIX-linked trading.
The Cboe Volatility Index is a guide to human nature, says a prominent Wall Street bull. Canaccord Genuity analyst Tony Dwyer has characterized the stock market’s early February plunge as a phenomenon known as a “shock drop,” in which a correction is sharp enough to cause the 10-week rate of change in the Cboe Volatility Index (^VIX), or VIX, to spike to 125. The rate of change, or ROC, measures the percent change in price from one period to the next.
Goldman Sachs says first-quarter profit surged 26% as price swings returned to global markets following an unusually calm 2017.
The S&P 500 and the Dow tested their February-panic lows last week, and money is flowing into stocks, a sign of strength.
We highlight four ETFs that have been able to pull in over $100 million in AUM and have huge potential to dominate the market in the coming months.
Exchange-traded products are enjoying big gains this year. But retail investors, who’ve been burned in the past by betting on volatility, are mostly steering clear of them.
Jim Cramer reveals the truth behind the apparel renaissance and why you should consider buying the group into weakness.
Jim Cramer takes to the charts with technician Mark Sebastian to see if there's more pain ahead for the increasingly volatile stock market.
Like Conor McGregor attacking a UFC bus, the tariff-lover-in-chief has ambushed a stock market that was driving toward a weekly win. Where can traders find shelter? “The new safe haven is now volatility,” ...
Recent stock-market swings have many investors scrambling to profit from the return of turbulence after a prolonged period of tranquil stock trading.
Activity in U.S. equity options was slow on Wednesday even as stock indexes flirted with February lows, as expectations for strong corporate earnings quelled the urge to load up on contracts that benefit from a surge in market volatility. Global markets reeled on fears of deepening trade conflict between China and the United States after China hit back on Wednesday against U.S. plans to impose tariffs on $50 billion in Chinese goods, retaliating with a list of similar duties on key American imports. The S&P 500 (.SPX) fell as much as 1.6 percent to come less than 2 percent away from the low of 2,532.69 in early February, before trading little changed on the day.
The Dow and the S&P 500 halted a record-setting streak of quarterly wins at nine, and the clearest reason why may be explained by the VIX index, widely known as Wall Street’s “fear gauge.”