Insights
After the Bear: A Brief History of Market Recoveries
02/23/2023
Quick Takes
Long-term equity returns after years like 2022 are attractive but volatile: Five-year periods after bear market drawdowns produced double-digit annualized returns in six out of ...
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January 2023 Volatility Briefing
02/13/2023
Quick Takes
Implied volatility, as measured by the Cboe® Volatility Index (the VIX®), averaged 20.17 in January. Consistent with its typical relationship, average implied volatility exceeded realized ...
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Is it 1963 or 2002?
02/09/2023
Market Perspective
As traders and professional prognosticators hang on every word from Federal Reserve officials, anticipate each data release with tense fingers hovering over keyboards and debate ...
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January 2023 Market Recap
02/08/2023
Market Recap
The S&P 500® Index returned 6.28% in January. The advance was propelled by early and small signs of progress in the Federal Reserve’s (the Fed) ...
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2022 Active PutWrite Commentary – Q4