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☆ Rate jitters extend February flop for stocks
▼ + stars: | 2023-02-22 | by ( Naomi Rovnick | ) www.reuters.com time to read: +4 min

[1/3] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 16, 2023. "The economic data has been much more resilient than we all thought (it would be) and we have to accept that." "A bear market rally driven by expectations that inflation would drop and interest rates would peak out may be over," said Trevor Greetham, head of multi-asset at Royal London Asset Management. "The big call this year will still be (a) recession," he added, as "interest rates go higher," in a move that would eventually spark "an earnings driven bear market (that) hasn't started yet." New Zealand's central bank also raised interest rates by 50 bps on Wednesday to a more than 14-year high of 4.75%, flagging more monetary tightening to come.

☆ As stocks surge, some chart signals have been looking better despite lingering risks
▼ + stars: | 2023-02-02 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

Fed Chairman Jerome Powell triggered a surge in stocks when he spoke Wednesday , taking the S & P 500 into a new range. Redler expects a near term peak for the S & P 500 could be around 4,200-4,220. The S & P 500 and Nasdaq were both higher Thursday, as the 10-year Treasury yield continued its slide to a low of 3.35%. He's watching the growing number of three-month highs in the Russell 1000 and S & P 600 , which are now outpacing the new highs in the S & P 500. The VIX is based on puts and calls in the S & P 500.

☆ Wall Street's fear gauge has dipped below a key level. Why that could mean more trouble for stocks
▼ + stars: | 2023-01-17 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

Each time, the S & P 500 subsequently sold off. "We're watching the 50-day moving average [on the VIX] as a risk metric for the S & P 500," she said. "Looking at past major routs in the S & P 500, it's always associated with a VIX at a much higher level. Emanuel's strategy involves buying March 31 S & P 500 puts and calls that are out of the money. Murphy said it seems the volatility in the S & P 500 will be to the downside.

☆ Market volatility could help Cboe shares rally more than 25%, Morgan Stanley says
▼ + stars: | 2022-11-15 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Morgan Stanley named exchange operator Cboe Global Markets a top pick, noting the stock would benefit from the volatility that typically accompanies the final months of a bear market. "We see Cboe as a defensive beneficiary against a more challenging macro backdrop as elevated market volatility should support the outlook for trading volumes," he said in a note to clients. He pointed to data showing S & P 500 options and total index options were up 88% and 75%, respectively, in October compared to the prior year. To be sure, he said the company's performance could be impacted if market volatility is meaningfully different than what is expected or if there are notable changes to the market that change investor strategy away from short-term movements. "The index options franchise continues to benefit from increased engagement, elevated volatility, and new product innovations that drive volumes to new records," he said.

☆ Wall St climbs as jobs data supports smaller rate hike prospects
▼ + stars: | 2022-11-04 | by ( Amruta Khandekar | ) www.reuters.com time to read: +4 min

"Powell should also be pleased that the unemployment rate went up from 3.6% to 3.7%. Traders' bets of a 75 basis point rate hike in December briefly rose to 64.5% after the release of the data but swiftly slipped back to around 60%. Meanwhile, CBOE's volatility index VIX, known as Wall Street's fear gauge, hit its lowest level since Sept. 9. Advancing issues outnumbered decliners by a 3.43-to-1 ratio on the NYSE and by a 1.51-to-1 ratio on the Nasdaq. The S&P index recorded 14 new 52-week highs and 15 new lows, while the Nasdaq recorded 40 new highs and 98 new lows.

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