Good questions, incomplete answers: no idea about how impactful tax loss selling will be or whether it will be sector-specific. Over the last few days I've seen the charts with projected stock buybacks now that companies get out of their blackout periods: about $5 billion per day. That's heavy.
As for FXvol/MOVE vs. VIX: no clear opinion here, they are all different things and just aspects of the larger whole. MOVE has been creeping higher since September last year, stocks made their high in January. I think it's worrisome but if you want to know why, you need to ask one of the many people who are a lot smarter than me.
Pity for "Other Stuff I've been looking at", but thanks so much for the time and effort you put into your updates.
Thanks for the kind words!
Don't worry, I think I've got a pretty good replacement for the "Other Stuff" section coming up from next week 🙂
great comprehensive take, thank you, appreciate!
Questions---weak US equity sectors going to go no where with tax loss selling?
Do US target date funds need to buy more stocks?
How to rationalize high FX/MOVE vol and lower VIX going lower?
Good questions, incomplete answers: no idea about how impactful tax loss selling will be or whether it will be sector-specific. Over the last few days I've seen the charts with projected stock buybacks now that companies get out of their blackout periods: about $5 billion per day. That's heavy.
As for FXvol/MOVE vs. VIX: no clear opinion here, they are all different things and just aspects of the larger whole. MOVE has been creeping higher since September last year, stocks made their high in January. I think it's worrisome but if you want to know why, you need to ask one of the many people who are a lot smarter than me.
Great work, as usual! Thanks for the shoutout!
Thanks!