Weekly Highlights

Weekly Highlights 24 Nov: Volatility and market move in tandem = market snap?

#1 Fear-mongering is real

That is the feeling that I am getting.

The article commented that the S&P 500 and the VIX, which is a measure of expected volatility, was moving in unison at times. More importantly, this resulted in a positive 10-day rolling correlation between the S&P 500 and the VIX, an event that has not happened since May 2019.

S&P500 & VIX

https://www.cnbc.com/2019/11/22/the-stock-market-and-its-fear-gauge-vix-are-moving-in-unison.html

 

#2 Tesla’s futuristic cybertruck worried Wall Street

Let’s be honest. It looks pretty awesome.

I guess you cannot please all the financial overlords on Wall Street.

Tesla Cybertruck

https://www.reuters.com/article/us-tesla-truck-windows/teslas-cybertruck-launch-takes-hit-as-shatterproof-windows-crack-idUSKBN1XW1CU

https://www.cnbc.com/2019/11/22/wall-street-on-teslas-new-pickup-cybertruck-looks-weird.html

 

#3 Boeing release new Max plane 

The problem is not so much about Boeing releasing new plane. It is about how the recent crashes revealed the lax safety culture in Boeing and if public confidence is restored.

https://www.cnbc.com/2019/11/22/boeing-unveils-largest-version-of-its-embattled-737-max-plane.html

 

#4 Consolidation in the US brokerage market?

The brokerage industry is a matter of the survival of the fittest. The introduction of commission-free trading will weep out the ‘weak’.

https://www.cnbc.com/2019/11/21/charles-schwab-in-talks-to-buy-td-ameritrade-a-deal-could-be-announced-as-early-as-today-source-says.html

 

 

Have a good week ahead.

 

 


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