This week, the S&P 500 rose by 1.45%, the Dow Jones Industrial Average gained 700 points following the jobs report showing wage growth, and the STOXX 50 rose by 5.91%. In contrast, the Nikkei 225 fell by -0.46%, and the VNKY also fell by -0.99 points to 18.93.
Investors sought refuge in defensive stocks. Natural gas prices dealt a surprise reprieve to Europe, while the hopes of a less-hawkish Fed buoyed the gold outlook. Corporate insiders have not been betting on a market rebound.
Here are the 50% weekly confidence ranges calculated on fat-tailed distribution. That is at the end of next week, indexes will fall within the range 50% of the time.
Will be adding more global equity/volatility indexes next week.
How are you calculating these values?
ReplyDeleteExplained here https://onlyvix.blogspot.com/2022/11/vix-and-expected-range.html
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