For the third time in four weeks, the market was closed on Monday due to a holiday. Not only is this week shortened by a holiday, it is also coinciding with the annual Billionaire’s convention in Davos, Switzerland and the Presidential inauguration on Friday. Increased volatility over the next couple of days will certainly not be surprising.
Read More »
Tag Archive: Market Sentiment
BIS: The VIX is Dead, The Dollar is the new “Fear Indicator”
Over the past few years, one of the recurring themes on this website has been an ongoing discussion of how the VIX has lost its predictive value as a market risk indicator. This culminated recently with a note by Russel Clark who explained in clear term why the "VIX is now broken." Today, in a fascinating note Hyun Song Shin, head of research at the Bank for International Settlements, the "central banks' central bank" has agreed with the...
Read More »
Read More »