21 Aug 2017

Is Volatility Too High? Goldilocks Says it’s Just Right

Well, I am fresh back from vacation in Northern Michigan.  I had the pleasure of driving over the Upper Peninsula twice during this trip to pick up one of my daughter’s from camp.  That’s three trips over the UP this summer, but, sadly, only one pasty. From my perch up north, the big story for me was seeing volatility spike up for the first time in what seems like forever…. Read More

10 Apr 2017

Markets are Quiet, Enjoy Them for Now

The stock market has been unusually quiet this year.  For example, the S&P 500 didn’t fall by more than one percent until March 21st, just before the quarter ended. The Chicago Board of Options (CBOE) Volatility Index (VIX), which measures expected volatility, had the second lowest average reading for the quarter since the index was created in 1992. The chart below plots the VIX over the last three quarters in… Read More