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☆ Is it time for investors to hedge for a market decline? The pros share their views and strategies
▼ + stars: | 2024-03-28 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

Last week, Goldman Sachs told clients they should start hedging for a market decline . Here's how Goldman suggests investors worried about a declining market can hedge their positions. Others also believe that it's time to start hedging — or at least take a more conservative stance. 'Shift into more value names' Top hedge fund manager David Neuhauser says it would depend on where investors are positioned right now. But he isn't a fan of hedging strategies like options, saying "over time you just end up with lower returns."

Persons: Goldman Sachs, Goldman, David Neuhauser, that's, Russell, Neuhauser, Brian Arcese, he's, Arcese, It's, Freddie Lait, Lait Organizations: Dow Jones Industrial, Nasdaq, CNBC Pro, Livermore Partners, London, Nvidia, Foord Asset Management, CNBC, Latitude Investment Locations: Europe, U.S

☆ The Fed just made it cheaper to hedge your stock portfolio. Here's how
▼ + stars: | 2024-03-21 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

I'll explain here and provide some examples of smart options hedges to put on from here. The Fed reiterated a forecast for three rate cuts this year while signaling that they may tolerate inflation rates above their stated 2% target for a longer period. .VIX 5D mountain CBOE Volatility Index, 5 days As I write this, the VIX Index is now roughly 12.8. In the case of SPDR S & P 500 ETF Trust (SPY) options for example, the implied volatility of the April 30th expiration $500 strike puts, as measured by implied volatility, fell from nearly 13.9% before the Fed announcement, to about 13.5% following. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Jerome Powell, SPDR Organizations: Federal Reserve, Fed, Trust Locations: —

☆ Goldman is making a big call to clients to hedge for a market decline. Here's what it recommends
▼ + stars: | 2024-03-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Arun Prakash from Goldman's derivatives research team proposed an options trade focused on the Cboe Volatility Index , or "Vix," to hedge against a market selloff. .VIX 5Y mountain The Cboe Volatility Index has been trading at an unusually low level in 2024 so far. Generally speaking, a call option gives the holder the right to buy the underlying asset at the strike price, and serves as a bet that the asset will rise above the strike price. "Over the past 30+ years, VIX has averaged 19 in April, and we see upside risks to the current low VIX levels given current macro environment and upcoming macro/micro catalysts. If the Vix does not rise above the strike price before the options contract expires, the trader loses the premium paid for the contract.

Persons: Goldman Sachs, Arun Prakash, Prakash, hasn't, That's, Goldman, VIX, — CNBC's Michael Bloom Organizations: Reserve

☆ Premarket stocks: Investors are on cloud nine. That could be a bad sign
▼ + stars: | 2024-03-15 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

Unsurprisingly, several flashing indicators suggest that investors are feeling good about the market:• CNN’s Fear & Greed Index: The indicator, which measures seven barometers of market sentiment including the VIX, Wall Street’s most well-known measure of expected stock volatility, is in “greed” territory. Market sentiment is often seen as a contrarian indicator. That means that when the herd is optimistic, money managers take it as a sign that stocks will fall, and vice versa. A closely watched gauge of US wholesale inflation rose at its fastest pace in months, according to new data released Thursday. In February, car sales climbed 1.8%, purchases of electronics and appliances increased 1.5% and sales at restaurants rose 0.4%.

Persons: • Charles Schwab, Yardeni, “, Alicia Wallace, Price, Gus Faucher, Read, Bryan Mena Organizations: CNN Business, Bell, New York CNN, Dow Jones, Nasdaq, Intelligence, Research, Bureau of Labor Statistics, PPI, of Labor Statistics, PNC Financial Services, Retail, Commerce Department, Gas Locations: New York

☆ Too far, too fast? Relentless rally worrying some we are long overdue for a significant pullback
▼ + stars: | 2024-03-05 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The broad market index has also posted gains in 16 of the last 18 weeks — something that, according to Deutsche Bank strategist Jim Reid, hasn't happened since 1971. However, some on Wall Street now fear the market may have overextended itself to the upside, clearing the way for a pullback from record levels. BTIG chief market technician Jonathan Krinsky also noted there's a divergence never before seen in Big Tech. Volmageddon refers to a massive volatility spike in early 2018 in which the Cboe Volatility Index (VIX) more than doubled to more than 50. Bottom line: A short-term pullback in stocks could take place soon, if history is any guide.

Persons: Jim Reid, hasn't, Chris Montagu, Citi's, Jonathan Krinsky, Krinsky Organizations: Deutsche Bank, Nasdaq, Federal Reserve, Apple, RSI Locations: Big Tech

☆ This market rally is taking out funds that hedged against recent investor fears
▼ + stars: | 2024-03-05 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

The Simplify Tail Risk ETF , which trades under the cheeky ticker "CYA," is headed for liquidation later this month after a brutal money-losing stretch. CYA 1Y mountain Simplify's Tail Risk ETF has been beaten down by the market rally. "Tail protection, which was heavily desired in 2020, has no bids right now. And that way if you're losing money on it, and it's a tail risk ETF where you're buying a put [option], then you understand why that's happening," Armour said. "A tail risk ETF is going to go potentially over a decade without working, and that's okay.

Persons: Michael Green, Green, subpar, Bryan Armour, Armour, CYA, Philip Toews, Vix, Toews Organizations: CNBC, Fidelity, North, Asset Management Locations: North America

☆ Fed Chair Powell and jobs data take center stage next week as Wall Street weighs interest rate outlook
▼ + stars: | 2024-03-01 | by ( Sarah Min | ) www.cnbc.com time to read: +8 min

Next week, the first full trading week of March, macroeconomic concerns will take center stage for investors. Next week, the Fed chief is largely anticipated to stick to the same talking points in testifying before Congress. In fact, the February jobs report, due out next Friday, is expected to show a moderation in payroll gains. Hourly Earnings preliminary (February) 8:30 a.m. Average Workweek preliminary (February) 8:30 a.m. Manufacturing Payrolls (February) 8:30 a.m. Nonfarm Payrolls (February) 8:30 a.m. Private Nonfarm Payrolls (February) 8:30 a.m. Unemployment Rate (February) — CNBC's Michael Bloom, Jeff Cox and Yun Li contributed to this report.

Persons: Jerome Powell, Powell, Shannon Saccocia, Kim Forrest, Webull, Michael Hartnett, CNBC's Yun Li, Melissa Brown, Brown, Wealth's Saccocia, Saccocia, Nonfarm Payrolls, —, Michael Bloom, Jeff Cox, Yun Li Organizations: Federal, Fed, Capitol, Nasdaq, Dow Jones, FactSet, Barclays, Bokeh Capital Partners, Labor Department, Bitcoin, BofA Global Research, Apple, Nvidia, Ross Stores, Costco Wholesale, Kroger, . Semiconductor, Broadcom, PMI, PMI Services, Services PMI, Ross, Target, ADP, Labor, Consumer Credit Locations: U.S, REITs, Japan

☆ A short-term trading strategy if volatility returns to the markets in March
▼ + stars: | 2024-03-01 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

I remain optimistic on markets during this election year of 2024, but here is a short-term trade strategy that profits if volatility returns and profit taking becomes a theme during the last month of the first quarter. The S & P 500 and the tech-heavy Nasdaq each notched their best February returns since 2015, while the Dow had its best February since 2021. This is noteworthy as historically there has been "seasonal" weakness associated with February returns, due to portfolio repositioning and earnings season disappointments. With 97% of S & P 500 companies reporting actual results, investors have seen 73% of these firms exceed EPS estimates while the S & P 500 reported growth of 4.0%, according to FactSet. It is more about the opportunity I see at these overbought levels as the SPDR S & P 500 ETF (SPY) is trading at RSI levels of 76.

Persons: Dow, Kilburg Organizations: Nasdaq

☆ The rally is showing signs of exhaustion. How to protect your portfolio if a decline is coming
▼ + stars: | 2024-02-28 | by ( Tony Zhang | ) www.cnbc.com time to read: +3 min

Couple this with the multiple signals for exhaustion that are typical near market tops, it warrants taking action. Troubling technical signs We've seen the SPDR S & P 500 Trust (SPY) and Invesco QQQ Trust (QQQ) both exhibit higher highs in price while momentum and their advance-decline lines print lower highs. And lastly, these same signals are showing up across the major sectors, and individual stocks that have led this rally such as Nvidia. Overall, these are signs of exhaustion for this rally and raises the probability of a pullback. With the Wall Street's fear gauge, the CBOE Volatility Index ( VIX) , trading just above 13, purchasing downside protection on a portfolio using SPY options is relatively inexpensive.

Persons: Zhang Organizations: Nvidia

☆ Stocks are vulnerable to a 5% 'air-pocket drawdown' as greedy traders short volatility, research firm says
▼ + stars: | 2024-02-16 | by ( Aruni Soni | ) www.businessinsider.com time to read: +3 min

The "Volmageddon" episode happened six years ago after traders piled into a bunch of ETFs that were designed to return the inverse of market volatility (essentially betting on a calm market). And when volatility went up in February 2018, it tanked those strategies, sending the S&P 500 down more than 10% in two weeks. As VIX futures expire, the S&P 500 is seeing stronger price reactions. The short-volatility trade became very popular after 2010 when volatility was low, and traders could make money betting against market turbulence. AdvertisementIt's not a major concern right away as volatility upticks have been small, and the S&P 500 has remained resilient.

Persons: —, Tom Essaye, Essaye Organizations: Service, Business

☆ The Fed can still break markets. Here’s how
▼ + stars: | 2024-02-13 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Those gains came even as Federal Reserve officials attempted to reduce investors’ lofty expectations for a plethora of interest rate cuts this year. It is now signaling that interest rates could come this year but not until spring or summer. That means they think the Fed is keeping interest rates too high and could potentially slow down economic growth too much and risk a recession. That makes the NFL and the Super Bowl all the more valuable to advertisers trying to reach a mass market. Li-Lac Chocolates, which calls itself the oldest chocolate shop in Manhattan, told CNN that their raw chocolate prices are up 13% this February compared to a year ago.

Persons: Torsten Slok, Jerome Powell, Raphael Bostic, Olivier Darcy, Sunday’s, CNN’s John Towfighi, ”, Michele Buck Organizations: CNN Business, Bell, New York CNN, Big Tech, Federal Reserve, Investors, Nasdaq, Federal, Apollo Global Management, National Association for Business, Atlanta Fed, CNN, Kansas City Chiefs, San Francisco 49ers, CBS, Chiefs, Philadelphia Eagles, NFL, Allegiant, NFC, Fox, AFC, Super Bowl, Companies, Hershey Co Locations: New York, There’s, Las Vegas, West Africa, North America, Manhattan

☆ A lower cost way to ride the S&P 500 if it keeps rallying to 5,100
▼ + stars: | 2024-02-09 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

Of course, the volatility outlook can change on a dime but, the VIX under 13 reveals that option traders are not worried about the S & P 500 any time soon. The Trade I want to participate in more upside for the S & P 500 anticipating 5,100 to trade before 4,900. I will define my risk as the S & P 500 just popped into overbought territory when viewed through a RSI (Relative Strength Index) perspective. To reduce the cost of simply being long an at-the-money SPDR S & P 500 Trust call, I want to buy a call spread. This is calculated by adding the $4.30 (net cost) of the spread to the lower strike price of this call spread, $500.

Organizations: U.S ., JPMorgan

☆ A lower-cost way to play the S&P 500's run to 5,000
▼ + stars: | 2024-02-08 | by ( Michael Khouw | ) www.cnbc.com time to read: +8 min

The S & P 500 once again closed at a new all-time high, achingly close to 5,000 for those enamored of nice round numbers. .SPX 1Y mountain S & P 500, 1-year Is there an option trade we can use if we're not sure? If S & P earnings grow closer to their historical average, then $240ish (let's stick to round numbers) might be a more accurate estimate. $240 a shares multiplied by 20 = $4,800 in the S & P. So in that context 5,000 is a little rich, but not much. The VIX Index , a measure of 30 day volatility in the S & P 500, is below 13, cheaper than usual.

Persons: we're, Jeremy Grantham, Paul Krugmans, aren't Organizations: Investors, Nvidia Locations: China, U.S

☆ 2024 will be a perilous year for the world economy as geopolitical tensions ramp up, top economists warn
▼ + stars: | 2024-01-17 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Top economists are fretting about geopolitical tensions, according to a World Economic Forum survey. AdvertisementThe year 2024 will likely be a stormy one for the global economy as growth slows and geopolitical tensions ramp up around the world, according to a World Economic Forum survey. More than half the respondents said the world economy will get weaker this year, and 70% predicted looser financial conditions – implying that they believe central banks, including the US Federal Reserve, will start lowering interest rates at some point in 2024. Advertisement"Amid accelerating divergence, the resilience of the global economy will continue to be tested in the year ahead," WEF managing director Saadia Zahidi said. "Though global inflation is easing, growth is stalling, financial conditions remain tight, global tensions are deepening and inequalities are rising."

Persons: they're, Ray Dalio, Jamie Dimon, —, Saadia Zahidi, JPMorgan Chase, aren't Organizations: Service, US Federal Reserve, JPMorgan, Sunday Times, Bridgewater Associates Locations: Swiss, Davos, Ukraine, China, Chicago

☆ An options trade with no cost that wins if this is just a short market pullback and not a bigger sell-off
▼ + stars: | 2024-01-05 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +4 min

Naysayers and market bears were annihilated last year after a better-than-expected return for the S & P 500 ETF in the post mid-term election year of 2023. My bullish view is that the recent 2% drop in the S & P 500 reveals opportunity versus signs of a much larger pullback. .VIX 6M mountain The CBOE Volatility Index, 6 months My last input into this bullish view is looking at a chart of the S & P 500 ETF (SPY) . If you concur that equity markets should perform well in this first month of January in 2024, the below bullish risk reversal should allow you to capture a short-term move higher. This risk reversal is being used as an aggressive bull trade.

Persons: Santa Claus, jitters, Kilburg Locations: Santa

☆ The 2023 stock winners investors should let ride, sell or hedge in the new year
▼ + stars: | 2024-01-01 | by ( Michael Khouw | ) www.cnbc.com time to read: +9 min

Let 'em ride: Several of 2023's best-performing stocks were grossly undervalued at the beginning of the year. So while investors recognized the company could deliver massive earnings and free cash flow, they were afraid Zuckerberg had gone off the reservation. The stock sports topline growth, substantial margins, a strong balance sheet, substantial free cash flow, and a moat around its business. It's time to hedge some of those gains (or take profits): The second best-performing stock in the Russell 1000 for 2023 is Coinbase (COIN) . If you own, but don't want to sell, consider purchasing the March $45/$35 put spread as a particle hedge, as illustrated below.

Persons: David Ricardo, Ricardo, Mark Zuckerberg, Zuckerberg, doesn't, Russell, cryptocurrencies, aren't, Equifax Organizations: Russell, Vertiv, Builders, Topbuild Corp, Nvidia, Investors, MU, Walmart, Visa, Mastercard, Paypal, Experian, PayPal, Palantir Technologies, Government Locations: uptrends

☆ An options trade that makes money when consumer spending starts to slow down
▼ + stars: | 2023-12-26 | by ( Nishant Pant | ) www.cnbc.com time to read: +4 min

Like many sectors, the consumer discretionary sector has enjoyed a strong year, rallying more than 16% in 2023. Against this backdrop, one sector to watch is consumer discretionary. With this view in mind, I am looking to put on a bearish options trade on the Consumer Discretionary Select Sector SPDR fund (XLY) , which tracks the performance of the S & P 500 consumer discretionary sector. When selling credit spreads, you bring in a premium when you open the trade. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Wall Street's, XLY, Nishant Organizations: XLY Locations: Red

☆ Stock-hungry volatility funds, ‘gamma-heavy' options dealers could buoy US equities
▼ + stars: | 2023-12-05 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +4 min

Options strategists believe market gyrations may stay subdued for some time - potentially smoothing the way for further gains in equities. The S&P 500 is up 19% year-to-date, following a 9% gain in November - its best monthly performance since July 2022. Since the VIX tends to move inversely to stocks, market participants watch it closely as an indicator of investor sentiment and positioning. Among the factors closely watched by market participants are the funds that take their signals from market volatility, selling when volatility picks up and buying when it subsides. History also shows that once volatility expectations become subdued, they can linger at low levels for a while.

Persons: Lucas Jackson, Ilya Feygin, Nomura, Charlie McElligott, Brent Kochuba, Cantor Fitzgerald, Eric Johnston, Cantor Fitzgerald’s, Johnston, Saqib Iqbal Ahmed, Ira Iosebashvili, Grant McCool Organizations: New York Stock Exchange, REUTERS, Federal, Monday, WallachBeth, Nomura Securities, ’, Thomson

☆ Reluctant to chase the rally? How to bet on a year-end pop with options
▼ + stars: | 2023-12-04 | by ( Michael Khouw | ) www.cnbc.com time to read: +6 min

The CBOE Volatility Index (VIX) Index , which closed Friday at 12.63 is currently approaching 5-year lows. It is calculated from the prices of S & P 500 index options. Investors can speculate in VIX futures or VIX futures options, but understanding the futures "term structure" (how the prices of various futures of different expiration relate to each other) isn't that straightforward. Consider the following chart of the Barclays iPath S & P 500 (VXX) , an exchange traded note which is intended to track the S & P 500 short-term VIX futures total return index vs. the VIX Index itself. If one is inclined to make a bullish bet, but is reluctant to get caught "chasing" after the market has already rallied sharply, perhaps we can take advantage of the fact options prices are well below average.

Persons: VXX Organizations: Barclays iPath, Broadcom, Dollar Locations: New York City, VXX, SPDR

☆ After an extraordinary November for stocks, December has a lot in its corner. Here's why
▼ + stars: | 2023-12-01 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

The stock market is boring right now, and that is not a bad thing. There's a strong backdrop going into December. The S & P 500 was up 8.9%, its best month since July 2022, and the fourth-best November since 1950. If it doesn't seem that way, it's because the S & P has been flat for the past week and a half. There will be lots of complaints about high valuations, and the cynics will be right: The S & P is approaching 19-times 2024 earnings.

Persons: Goldman Sachs, Morgan Stanley, let's Organizations: Triple Witching, Treasury, Atlanta, Wall Street, Deutsche Bank, BMO Capital Markets, Capital Markets, Bank of America, Barclays, Goldman, UBS Global Wealth, Wells, Wells Fargo Securities, JPMorgan, Dow, Revenue Locations: Wells Fargo

☆ Appetite for stocks drives VIX options as investors guard portfolios
▼ + stars: | 2023-11-30 | by ( Laura Matthews | ) www.reuters.com time to read: +4 min

VIX options contracts averaged nearly 760,000 daily, surpassing the record set in 2017, according to Cboe Global Markets (CBOE.Z), data as of Nov. 27. Such investors are "looking at trading VIX options as a way to potentially monetize their thinking", he said. Reuters GraphicsThe rise in VIX options trading is a change from 2022 when investors were reducing equities exposure and hoarding cash, according to CBOE data. With the VIX averaging 17 this year, VIX options' trading volume as a share of overall options volume is at 1.76%, the highest since 2020 - a much more volatile year when the VIX averaged 29, according to a Reuters analysis based on Trade Alert data. Timing profit-taking on VIX options in an environment where jumps in the volatility index are fleeting can be difficult, said Roni Israelov, chief investment officer at NDVR.

Persons: Carlo Allegri, Mandy Xu, That's, Joe Ferrara, JJ Kinahan, Seth Hickle, Roni Israelov, Laura Matthews, Saqib Iqbal Ahmed, Megan Davies, Chizu Organizations: New York Stock, REUTERS, . Federal, Cboe Global, Gateway Investment Advisers, Reuters, Trade, Thomson Locations: Manhattan, New York City , New York, U.S, Indiana, New York

Rates futures markets are showing cuts being priced as early as May 2024, according to LSEG data. The prospects for rate cuts received a boost on Tuesday after Fed Governor Christopher Waller, deemed a hawk, hinted at lower interest rates in the months ahead if inflation continued to ease. Deutsche Bank economists on Monday projected 175 basis points in Fed rate cuts in 2024, but said that those cuts would come with a mild recession in the first half of next year. “Absent rapid Fed easing, we expect a more challenging macro backdrop for stocks next year,” they wrote in a Wednesday report. Others said investors may be overestimating how quickly the Fed might react to signs of slowing inflation.

Persons: Carlo Allegri, Jack Ablin, ” Ablin, Christopher Waller, ”, Jake Schurmeier, Schurmeier, Thomas Barkin, Charlie McElligott, Michael Green, David Randall, Lewis Krauskopf, Saqib Iqbal Ahmed, Ira Iosebashvili, Andrea Ricci Organizations: REUTERS, Federal Reserve, Treasury, Cresset, Gross, Harbor, Reuters, Richmond Fed, Nomura Securities, Deutsche Bank, JPMorgan, Management, Thomson Locations: Manhattan, New York City , New York, U.S, stoke, Carolina, New York

☆ Morning Bid: Waller to Wall St, Fed's on the turn
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +6 min

A street sign for Wall Street is seen in the financial district in New York, U.S., November 8, 2021. But back in the markets, the Fed's policy pivot was all the rage as Treasury yields and dollar plunged anew. New York Fed chief John Williams said long-term inflation expectations were anchored, reassuring and "remarkably stable". Fed futures now have the first Fed rate cut of a quarter point fully priced for May and 110bps of rate cuts by year-end. Two-year Treasury yields plunged more than 15 basis points to four-month lows of 4.66% on Wednesday, with 10-year yields hitting their lowest since mid-September - a startling drop of more than 75bps in little over a month.

Persons: Brendan McDermid, Mike Dolan, Wall, Charlie Munger, Berkshire Hathaway's Munger, Warren Buffett, Christopher Waller, Jerome Powell, Waller, John Williams, Austan Goolsbee, Michelle Bowman, Powell, Stocks, smartly, Hong, Thomas Barkin, Loretta Mester, Andrew Bailey, BoE, Andrew Hauser, Blinken, Sergey Lavrov, Jane Merriman Organizations: Wall, REUTERS, Federal Reserve, Waller . New York Fed, Chicago Fed, HK, Austria's, Holdings, Richmond Fed, Cleveland Fed, Bank of England, London, Russian, Foods, Intuit, Petco, Thomson, Reuters Locations: New York, U.S, Berkshire, Waller ., China, Europe, Vienna, North Macedonia

☆ Stock Market Today: Dow, Nasdaq Open Higher; What's Next for Berkshire Hathaway
▼ + stars: | 2023-11-29 | by ( ) www.wsj.com time to read: +1 min

Investors betting on a soft landing for the U.S. economy received another morsel of good news on Wednesday. Fresh data showed that the U.S. economy grew at a 5.2% annual rate , the fastest quarterly growth rate since late 2021, when the country was listing Covid-19 restrictions. Hopes that the U.S. economy can avoid a recession--and that the Federal Reserve will slash interest rates next year --have been rippling through global markets. Stocks are rising in early trading, continuing a weekslong winning streak. Now solidly below 13, the VIX is trading near its lowest levels of this year.

Persons: Charlie Munger, Dow, ”, Salesforce Organizations: Federal, Berkshire Hathaway, Dow industrials, Nasdaq, Gold, Futures Locations: U.S

☆ 'It's beginning to look a lot like VIX-mas.' What Wall Street's fear gauge is saying right now
▼ + stars: | 2023-11-29 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

"It's beginning to look a lot like 'VIX-mas,'" Jonathan Krinsky, chief market technician at BTIG, wrote in a note Sunday. Wells Fargo's Chris Harvey on Monday wrote that a low VIX is historically a bad sign for markets entering a new year. .VIX 5Y mountain CBOE Market Volatility Index, 5 years "We think 2024 will be a 'trader's market,' not a buy-and-hold situation," Harvey wrote. "But we ultimately think, you know, beyond that, it's poised to go lower just given the low volatility cycle that's been in place." The question is whether we are entering a new period of low volatility as the norm starting in 2024.

Persons: Jonathan Krinsky, BTIG's Krinsky, Wells Fargo's Chris Harvey, Harvey, SPX, Will Tamplin, Tamplin, it's, Oppenheimer's Ari Wald, Wald, " Wald, Krinsky Organizations: Apple, Microsoft, Nvidia Locations: U.S

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