How much longer can this hope-filled balloon be held under water?
‘Exceptional Stability’
As Bloomberg notes, swings in U.S. stocks have become unusually narrow as a rally, driven by Donald Trump’s election as president, has persisted. The S&P 500 Index’s volatility over 65 trading days, or about three months, ended last week at the lowest since November 1995. The 65-day time frame was cited in a report Tuesday by David Rosenberg, chief economist and strategist at Gluskin Sheff & Associates Inc.
And still no losing days in February for tech stocks…
But the US equity market and VIX (volatility expectations) have now been decoupled for 8 trading days…
