The investment seeks to provide investors with exposure to the S&P 500 VIX Short-Term Futures Index Total Return. The S&P 500 VIX Short-Term Futures Index Total Return (the "index") is designed to provide access to equity market volatility through CBOE Volatility Index futures. The index offers exposure to a daily rolling long position in the first and second month VIX futures contracts and reflects the implied volatility of the S&P 500 at various points along the volatility forward curve.
I say it hits ATL, and pops hard, markets have had a heck of a run since Nov/Dec. I'm reading that it's gonna burp hard before the next leg up.
2:22p BREAKING CBOE Volatility Index briefly drops to all-time low of 8.84 after Fed meeting i'm gonna go out on a serious limb here and say that was the low for this cycle ... we'll see
chart i'm looking at on vix ... we touched the weekly support line to a tee today ... now wondering if we're ready to test the upper TL soon
Defense pays off with volatility arriving on cue Right on seasonal cue we are once again witnessing a pickup in market volatility. Today alone the CBOE Volatility index (VIX) jumped over 30% to close over 15. After reaching historic lows as recently as late July, we could likely see larger than usual spikes in the coming weeks to months. Fresh struggles for the Trump Administration combined with heightened tensions on the geopolitical stage, and domestically, are throwing a wrench in all the goldilocks economic outlooks. Based upon the following weekly bar chart of the VIX with its corresponding seasonal pattern displayed in the lower pane of the chart above, market volatility is likely to continue to escalate at least until sometime in early October. Last year, Presidential Election uncertainties keep the VIX elevated well into November. Ever since issuing our Seasonal MACD Sell Signal for DJIA and S&P 500 in May and in June for NASDAQ we have been taking steps to prepare for a stretch of market volatility and market weakness in the Almanac Investor Stock and ETF Portfolios. We missed some market upside by exiting in May/June, but we are already beginning to see the benefits of taking defensive moves then. Many of our recently established short stock positions are performing well while gold, silver and bond related positions in the ETF portfolio are also performing as anticipated. We believe the portfolios remain well-positioned to weather market volatility and expect to maintain the current posture until our Seasonal MACD Buy Signal confirms when it is safe to be more aggressive sometime after October 1.
