Category: Market Perspectives

Last week was relatively quiet until Friday, when the S&P 500 declined sharply by 2.40%. This was the first daily change of greater than 1% in over two months, ending a late summer period of subdued volatility. Implied volatility rose sharply on Friday, as measured by a 40% increase in…

The stock market has entered the proverbial “sell in May and go away” season, which typically brings summer doldrums and sometimes deep selloffs, as evidenced in 2015 and 2011. Through the end of May, however, the stock market had strung together four straight winning months. Now, we are heading into…

Last week provided random surprises and a dearth of economic data.  Congressional House leadership is gearing up for what will likely result in a new House Majority Leader later this week and geopolitical tensions are back on the rise.  Also making headlines, the European Central Bank announced a series of…