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Drawdown

Nov 07 2017

2017 Vs. Other Years Of Market Calm

  • Nov 7, 2017

Record lows in implied volatility (VIX) have been analyzed ad infinitum throughout 2017, but the readings shouldn’t come as any surprise.

Oct 06 2017

Breaking The Pattern?

  • Oct 6, 2017

The Chicago Cubs’ break of the 75-year Billy Goat Curse last year might have warned us of the dangers inherent in historical pattern analysis.

Jun 07 2016

VLT Says “BUY”

  • Jun 7, 2016

Breadth underlying the 4-month upswing has been stronger than that observed during any other rally leg since 2013. Despite just a 14% correction in the S&P 500 from its peak, a new VLT “BUY” signal was triggered. Failed signals are relatively rare, the last one occurred in December 2001.

Nov 07 2013

How Long Can Small Caps Lead?

  • Nov 7, 2013

The Russell 2000 is about five points ahead of Large Caps YTD, and is approaching its April 2011 long-term relative peak. We view this outperformance as their leadership’s last gasp and not a new cycle.