Equity ETF Inflows Hit A New Record High

The VIX rose above 10 on Wednesday, but the S&P 500 still barely moved. The S&P 500 hasn’t moved more than 0.5% intraday in 14 days which is the longest streak since 1971. As you can see in the chart below, the VIX has had a 13 day streak of closes below 11 which is…

The Stock Market Is Being Pushed Higher By A Few Tech Stocks

The stock market’s breadth stinks. Breadth is the measure of the rally’s broad based support. In my last article, I mentioned how Apple is responsible for all the gains in the Dow. The chart below shows that since March 1st, the fantastic five tech stocks which are Facebook, Apple, Amazon, Netflix, and Alphabet gained $260…

Apple Accounts For All The Dow’s Gains In 2017

Apple is often a topic in these articles because it’s such a large company with outsized effects on the indices it’s in. Proof of that is Apple’s gains this year account for 102% of the Dow Jones Industrial Average’s gains. Large cap firms are outperforming small cap ones. Apple is exhibit A of this trend.…

The VIX Closes Below 10 Again

The top story in the markets is the lack of volatility. The VIX has been hovering between 9 and 10 which is historically low. Actual price volatility is 48% of its long run average and has been near that point for 77 days. The chart below shows the lowest closes the VIX has had since…

The VIX Falls Below 10

The stock market closed flat on Monday. The big movement was in the VIX which closed down 7.57% to 9.77. It makes sense that the VIX is near its all-time low given the lack of volatility. The VIX being below 10 is very rare territory. The close today was the lowest since 1993. Volatility is…

The Market Is Reveling In Great Q1 Earnings

The stock market had the tailwind of Macron’s victory at its back, but it didn’t rally Monday morning. As I was predicting from a few weeks ago Macron, the centrist investment banker, won the French presidential election in a landslide. Macron received 66.1% and Le Pen received 33.9% which was below what most of the…

The Bitcoin Price Briefly Soars Above $1,600

Bitcoin Temporarily Explodes Higher Bitcoin has been skyrocketing lately. One month ago, the price of bitcoin was $1,139. By early Thursday it was at $1,567. That’s a 37.6% rally. It’s a hyperbolic increase which is unsustainable. Whenever any asset goes hyperbolic, it’s best to step out of the way and stop buying. As a reminder,…

Stocks Haven’t Moved 0.2% In 8 Days

The S&P 500 reached a new all-time closing high on Friday. It’s notable how tight of a range stocks have been in recently. There’s been 8 consecutive days without a 0.2% move in stocks. As you can see from the chart below, that’s the longest streak since 1964. The all-time longest streak is 10 days,…

Good News From Washington D.C.

Thursday’s action seems to be unusual because everything that came out of the fiscal policy front was positive, but stocks didn’t move higher. The S&P 500 has closed at almost the same level for a few days. The VIX was below an 11 handle once again, signaling not even a whiff of risk is on…

Fed Expected To Hike Again In June

This article will focus on the Fed’s May meeting where it decided to maintain the federal funds rate between 75 and 100 basis points. The stock market had a slight increase in response to the decision, but that may have been because Apple rallied throughout the day after opening lower. The 10-year bond yield increased…