Topley’s Top Ten – February 12, 2018
1.Interesting 2018 YTD Performance by Sector—Risk on Sectors Tech and Consumer Discretionary Down the Least…
Utilities and Staples Down Big—Sector Leadership Still with Risk On Sectors.
Bespoke
https://www.bespokepremium.com/get/The_Bespoke_Report_020918.pdf
Topley’s Top Ten – February 6, 2018
1.In Textbook Fashion…Street was Max Short Volatility Before Yesterday’s 84% VIX Spike.
The stock market is finally getting a long-awaited bout of volatility. The Cboe Volatility Index — or VIX — spiked 84% on the day, its biggest single-day increase of all time, according to data going back to 1990. The VIX reflects expectations for volatility in the S&P 500, and trades inversely to the benchmark roughly 80% of the time.
The Ultimate “Pain Trade” as the street was max short Volin the latest FMS form BofA. Margin Clerks ramped hard at 2:30-3pm today. Twits saying “8M SPY options trading on the day after more than 7M on Friday” – @OptionsHawk replied “Highest marks in over 2 years…when everyone finally starts buying protection, we tend to be close to a bottom (June ’16, Nov. ’16, Aug ’17)”
Chart from Dave Lutz at Jones
Topley’s Top Ten – February 5, 2018`
1.The Yield Curve Flattening has Taken Center Stage….How do Stock Perform Leading Up to Inverted Yield Curve?
From Charles Schwab.