Vimal Gor does the volatility

Friday, 9 February 2018

From the excellent Vimal Gor at BT:

Off to the races

2018 has started with a bang, first we saw the melt-up and then we saw the crash. The S&P is virtually unchanged from the year-end levels but the volatility has been massive. To put it in perspective, this was the strongest January performance the S&P has seen since 1989 (see chart 1), which was then followed by a brutal selloff which saw the VIX jump from 10 to 50.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.