US options skew on the S&P 500 has been rising recently, and yesterday’s close of 136.6 is actually higher than at any point during last December’s stock meltdown. A refresher on what skew measures: Imagine a $100 stock that has put and...
Excerpt from Crain’s NY Business quoting DataTrek’s Nick Colas: …. “First, the report demonstrates the repo crisis was more “systemic” than Fed officials believed, said DataTrek Research co-founder Nick Colas said in a...
US large cap Technology is up 40.9% year to date, but that headline number is misleading; not all Tech is having a great year and that robust return is actually very concentrated. Consider: Microsoft and Apple are half that return. MSFT is up...
Friday’s US Jobs Report was strong, with a net addition of 266,000 jobs added, but is likely an outlier caused by factors like the resolution of the GM strike and the customary noisiness of this data series. A few points: The prior 3-month...
It’s getting to be that time of year again when investors start engaging in tax-loss selling to help offset realized capital gains, important during a year when the S&P 500 is up +24%. But which losers do you sell when seemingly most...
Excerpt from Barron’s quoting DataTrek’s Nick Colas: …. “Rather, it is because of how S&P 500 returns have been distributed historically. The index has risen an average of 11.4% in terms of total return over the past 90...
