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VIX ETFs Surge as Volatility Makes Biggest Jump in Two Years January 29, 2021
After declining steadily since last April and undergoing a quiet consolidation since November, market volatility, as measured by the VIX, posted its biggest jump in two years this week after market participants saw one of the sharpest sell-offs in the S&P 500 since October.
The Cboe Volatility Index, also known as the VIX, or ‘fear index’, which measures the market’s projections of volatility in the coming month, rocketed 62%, from below 25 to 37.32, as retail traders continued to fight against hedge funds, using names like GameStop as fodder.
While the VIX has seen its fair share of pops and drops, analysts are giving special attention to this move due to its violence and size.
NZD Outperforms, EUR/GBP Back to Key Support, AUD Awaits CPI - US Market Open 2021-01-26 14:35:00 Justin McQueen, Analyst
Euro Watching for Italian Politics
Traders Continue to Buy the GBP Dip
QUICK TAKE: NZD Outperforms, EUR/GBP Back to Key Support, AUD Awaits CPI
Equities: A turnaround Tuesday for markets this morning with EU bourses posting modest gains. Encouraging vaccine news from Regeneron helped underpin gains with the company stating that their antibody drug cocktail prevented 100% of symptomatic infections. Going forward, while earnings will remain in focus with Microsoft reporting after the closing bell (implied move = 3.5%).
Euro Stoxx 50 Sector Breakdown
US Dollar Steady, Euro Slips, GBP Benefits From Vaccine Success - US Market Open 2021-01-25 14:00:00 Justin McQueen, Analyst
Equity Market Bounce Faded, Tech Outperforms
QUICK TAKE: US Dollar Steady, Euro Slips, GBP Benefits From Vaccine Success
Equities: The morning bounce which had stemmed from Asia has slowly faded as we approach the Wall Street open. Soft German IFO figures did little to support EU bourses, while reports that French President Macron may announce a 3rd national lockdown on Wednesday has weighed on the CAC 40. Elsewhere, UK PM Johnson will approve a new border crackdown from tomorrow, which could ban entry into the UK from COVID hotspots (South Africa and Brazil), in turn, airliners are among the underperformers to begin the week. The tech sector is outperforming as market participants brace for a slew of large tech earnings, in particular, Apple, Microsoft and Facebook.