|Day's range||9.22 - 10.20|
|52-week range||8.56 - 17.28|
When historians look back on the 2017 stock market, it will be weeks like this that they remember. Three up days, two down, volatility nowhere in sight, and a wire-to-wire gain of less than 1 percent.
The S&P 500 started this week stronger and reached fresh record high levels. On December 12, seven out of the S&P 500's 11 major sectors moved higher.
After trading with strength for two trading weeks, the S&P 500 started this week on a weaker note. It fell for the first two trading days this week.
Goldman Sachs remains pro-risk in equities, but the company's top strategists say "time is running out for Goldilocks."
After gaining for two trading weeks, the S&P 500 started this week on a mixed note. On Monday, six out of the S&P 500's 11 major sectors rose.
Last week’s release of economic data and corporate earning results provided yet more ballast for U.S. equity markets and our historic rally. This was clearly evidenced by the sharp pull back in the Dow Industrials (^DJI) and simultaneous surge in the volatility “fear” index (^VIX) that emerged due to an erroneous report filed by ABC News investigative reporter Brian Ross that seemed to indicate, at least initially, that Trump directed former National Security Advisor Michael Flynn to contact Russian officials during the 2016 Presidential campaign.
The CBOE Volatility Index, which measures the volatility of the S&P 500 index (SPX-INDEX) (SPY), rose 10.8% in November 2017.
For better or worse, and so far today’s it’s worse, the stock market has lately come a little untethered from its foundation in earnings and economic growth and started training all its focus on politics....
Following a strong performance last week, the S&P 500 started this week on a stable note. The market regained strength as the week progressed.
The S&P 500 started this week on a stronger note. Six out of 11 major S&P 500 sectors closed the day with profits on November 27.
The Cboe Volatility Index touched an all-time low amid a flurry of trading at the close of Friday’s shortened session. Exchange officials advised not making too much of it.
The S&P 500 opened higher on Tuesday and rose to record high price levels. On November 21, ten out of the S&P 500’s 11 major sectors rose.
US equity markets, with the support of solid economic data and a very constructive Q3 earnings season, remain on solid ground as they hover close to record highs. Highlights from last week’s economic calendar confirm that.
The S&P 500 started this week on a strong note but lost strength as the week progressed. On November 16, nine out of the 11 major sectors rose.
The CBOE Volatility Index spiked to 14.5 early Wednesday morning and is hanging out at the 13 level as of this afternoon. Meanwhile in ETF land, the leveraged ProShares Ultra VIX Short-Term Futures (UVXY) is up more than 5% and its unleveraged sister ProShares VIX Short-Term Futures (VIXY) notched a 2.5% gain. Harvard Management Company took the other side of the bet on volatility, according to filings submitted to the Securities & Exchange Commission last week.
Bitcoin futures, which Cboe Global Markets and CME Group hope to list later this year, may accomplish what the global financial crisis could not: decimating a slew of trading firms and threatening the stability of Wall Street’s clearing outfits. No single listed financial product has ever caused such mayhem, but Thomas Peterffy, one of the world’s most successful derivatives traders, is concerned that Bitcoin derivatives will introduce extraordinary volatility into the market that will be difficult to contain. “For the first time, I am extremely scared,” says Peterffy, founder and chairman of Interactive Brokers Group (IBKR).