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Caleb Conlin
June 2021 Market Recap
The S&P 500® Index returned 8.55% in the second quarter, bringing its year-to-date return to 15.25%. The strong quarter had a pause in the middle as ...
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Volatility Pricing Indicates Market Expectations of a Rougher Ride Ahead
The nearly 4% pullback of the S&P 500® Index in early May was small by historical standards, but it was enough to push implied volatility to ...
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May 2021 Market Recap
The S&P 500® Index returned 0.70% for the month of May, bringing its year-to-date return to 12.62%. Renewed concerns surrounding the outlook for inflation, the potential ...
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A Multidimensional Volatility Environment
Is implied volatility low? Like a circle that reveals itself to be a cylinder when you shift your perspective, it depends on how you look ...
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April 2021 Market Recap
The S&P 500® Index climbed 5.34% for the month of April, bringing its year-to-date return to 11.84%. Positive U.S. macroeconomic data and continued improvement in pandemic-related ...
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The Alternative to “There is No Alternative”
The S&P 500® Index returned a staggering 56.35% for the 12-month period ending March 31 while the Bloomberg Barclays U.S. Aggregate Bond Index (the Agg) returned ...
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March 2021 Market Recap
The S&P 500® Index returned 6.17% in the first quarter of 2021. With monthly returns of -1.01%, 2.76% and 4.38% for January, February and March, respectively, ...
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A Closer Look at Bond Market Performance
After posting strong returns in 2019 and 2020, inflation concerns have driven the Bloomberg Barclays U.S. Aggregate Bond Index (the Agg) to a loss of ...
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February 2021 Market Recap
The S&P 500® Index climbed 2.76% for the month of February, bringing its year-to-date return to 1.72%. From the start of the month through February 12, ...
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Familiar Factors Present as the VIX® Nears Record Run
Despite new all-time highs for the S&P 500® Index in January, the Cboe® Volatility Index (the VIX®) remained above 20 throughout the month and extended its streak ...
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