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Caleb Conlin
January 2021 Market Recap
Despite advancing 2.73% from the start of the year through January 25, the S&P 500® Index declined 1.01% for the month. Growing concerns over the deteriorating ...
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Will Volatility Risk Premium Remain Attractive in 2021?
Market conditions reflected an unusual mix of resilience and anxiety as 2020 came to a close. The equity market advanced in November and December despite ...
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December 2020 Market Recap
The S&P 500® Index returned 12.15% for the fourth quarter of 2020, resulting in a return of 18.40% for the year. The fourth quarter was a ...
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Lower, not Low: An Examination of Recent Implied Volatility
Implied volatility levels plummeted in November. With election uncertainty in the rearview mirror and news of significant progress on COVID-19 vaccines, the Cboe® Volatility Index (the ...
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November 2020 Market Recap
The S&P 500® Index returned 10.95% for the month of November, bringing its year-to-date return to 14.02%. As election uncertainty faded and progress was made on ...
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October 2020 Market Perspective
The presidential election has been a factor in volatility market dynamics for most of 2020. There have been three notable elements to the volatility environment ...
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October 2020 Market Recap
The S&P 500® Index returned -2.66% for the month of October, bringing its year-to-date return to 2.77%. The equity market decline was driven by uncertainty around ...
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September 2020 Market Perspective
Typically, presidential election years feature below-average equity market volatility. Volatility levels tend to decline from the first half to the second half of election years, ...
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September 2020 Market Recap
The S&P 500® Index returned 8.93% in the third quarter, bringing its year-to-date return to 5.57%. Over the quarter, the S&P 500® Index climbed 5.64% and 7.19% ...
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August 2020 Market Perspective
August was a fascinating month for volatility statistics. The most surprising stat was that, after July’s record for the widest-ever positive spread between average implied ...
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