Market Perspective
License to Kill (Portfolio Returns)
					
																						
			11/16/2021		
		 Market Perspective		
		
		
			License to Kill, released in 1989 and starring Timothy Dalton as James Bond, is regarded by some as the worst Bond film ever made. New York magazine’s ...		
					
					
														
									
								
													
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						What Will Taper Do to Implied Volatility?
					
																						
			10/07/2021		
		 Market Perspective		
		
		
			Implied volatility, as measured by the Cboe® Volatility Index (the VIX®), rose in September as investors processed a laundry list of concerns including coronavirus variants, inflation ...		
					
					
														
									
								
													
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						How Can Investors Benefit from Rich Volatility Risk Premium?
					
																						
			09/10/2021		
		 Market Perspective		
		
		
			S&P 500® Index option buyers continued to overpay by an above-average amount based on the unusually high Volatility Risk Premium (VRP) that has persisted during the equity ...		
					
					
														
									
								
													
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						Volatility Is Where You Find It
					
																						
			08/12/2021		
		 Market Perspective		
		
		
			Is equity market volatility high or low? The answer to that question depends on where you look. Realized volatility in July, based on the annualized ...		
					
					
														
									
								
													
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						Taking Stock at Mid-Year—What Can Investors Rely On?
					
																						
			07/09/2021		
		 Market Perspective		
		
		
			Despite concerns over inflation, Federal Reserve policy, imbalances in labor and raw materials markets and COVID-19 variants, the S&P 500® Index advanced 15.25% over the first ...		
					
					
														
									
								
													
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						Volatility Pricing Indicates Market Expectations of a Rougher Ride Ahead
					
																						
			06/10/2021		
		 Market Perspective		
		
		
			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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						A Multidimensional Volatility Environment
					
																						
			05/13/2021		
		 Market Perspective		
		
		
			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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						The Alternative to “There is No Alternative”
					
																						
			04/12/2021		
		 Market Perspective		
		
		
			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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						A Closer Look at Bond Market Performance
					
																						
			03/12/2021		
		 Market Perspective		
		
		
			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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						Familiar Factors Present as the VIX® Nears Record Run
					
																						
			02/10/2021		
		 Market Perspective		
		
		
			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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