Implied volatility, as measured by the Chicago Board Options Exchange (CBOE) Volatility Index (VIX), closed yesterday at 16.46, its lowest closing level since mid-November 2021. Today we take a look at possible reasons for the decline in the VIX and
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With tax season (mostly) behind us, the U.S. Treasury Department will have a better sense of how much cash it has on hand and when it will run through the extraordinary measures it is currently employing to pay its bills. The Treasury is unable to is
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The commercial real estate (CRE) market has recently captured the spotlight after being flagged as the next potential shoe to drop following last month’s banking turmoil. While rising rates have weighed on financing costs and the recent bank fa
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Today marks the six-month anniversary from the October 12, 2022 low in the S&P 500. Since the 25.4% drop in the index from January 3, 2022 through that day in October (is it me or do bear markets often end in October), the S&P 500 has rallied
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First quarter earnings season kicks off this week with some big banks reporting toward the end of the week. In some ways this quarter’s earnings season will probably be déjà vu all over again—earnings declines and cautious g
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An eventful first quarter wrapped up last week. In today’s blog, we make seven market observations from first quarter performance and share our thoughts on what these performance trends could mean for our outlook.
• Growth Dom
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Financial markets and the Federal Reserve are reading from two different playbooks. Who is right? The markets are pricing in several rate cuts by the end of this year, while the Federal Reserve communicated more rate hikes with an expectation of hold
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Key Takeaways:
• March was a volatile month, but seasonality patterns prevailed, as stocks stuck to the script of back half outperformance.
• April seasonality trends suggest the melt up could continue. Since 1950, the S&
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After one of the weakest February’s on record, the municipal market is on track for its strongest March performance since 2008, as it benefits from a flight to safety amid turmoil in the banking industry. The Bloomberg Municipal Index is up nea
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