S&P Jumps Multiple Days As Volatility Halves
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Jason Goepfert
Published: 2018-02-15 at 19:39:08 CST
This is an abridged version of our Daily Report.
What a difference a week makes
The S&P 500 has jumped more than 1% on 3 out of the past 4 sessions. That buying thrust comes on the heels of a multi-month low during a bullish long-term trend.
Future shorter-term returns were skewed positive, a stark contrast to similar thrusts during bearish trends.
Volatility x 1/2
The original VIX index has plunged by half in recent days, after spiking well above 30. That is usually taken as a sign that the worst is over and the storm has passed.
Similar spikes-and-plunges, however, led to weak returns in stocks and an increase in volatility.
No breaks for bonds
The popular investment-grade corporate bond fund, LQD, has been able to stitch together only 4 positive sessions over the past month.
Good news for miners
The HUI Gold Bugs index was at a 52-week low three days ago, and has since jumped more than 3% on two of the sessions since. That has happened 7 other times in the 23-year history of the index.
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The post titled S&P Jumps Multiple Days As Volatility Halves was originally published as on SentimenTrader.com on 2018-02-15.
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