Sentences with phrase «low volatility regime»

Certainly, 2017 was a low volatility regime.

Investors, myself included, continue to marvel at the low volatility regime.

However, should inflation start to move meaningfully above 2 %, the low volatility regime is unlikely to survive.

«The later stages of the 2009 — 2017 bull market are a valuation illusion built on share buyback alchemy... The technique optically reduces the price - to - earnings multiple because the denominator doesn't adjust for the reduced share count... Share buybacks are a major contributor to the low volatility regime because a large price insensitive buyer is always ready to purchase the market on weakness... Share buybacks result in a lower volatility, lower liquidity, which in turn incentivizes more share buybacks, further incentivizing passive and systematic strategies that are short volatility in all their forms... Like a snake eating its own tail, the market can not rely on share buybacks indefinitely to nourish the illusion of growth.

Investors, myself included, continue to marvel at the low volatility regime.

For anyone holding an electronically traded product (ETP) tracking the inverse of the VIX index, the end of the low volatility regime that was 2017 obliterated their allocated positions.

And they are typically buying opportunities, provided there are no economic or financial shocks to today's low volatility regime.

But I can say with a very high degree of confidence that we have now departed the low volatility regime and entered a high volatility regime.

Low volatility regimes lead to excessive risk taking and crowded positioning which leads to instability and high volatility regimes and on and on.

Not exact matches

Market volatility (vol) has been testing lows, but low - vol regimes are the historical norm, not the exception, we find.

Today's realized levels of volatility stand at historically low levels — even for a low - vol regime such as the one we see persisting today.

Steady - above trend global growth is supportive of low - vol regimes, yet we see the potential for greater macroeconomic uncertainty — and volatility.

We see the low - volatility regime sticking for longer, but see potential for episodic spikes amid rising risks.

We see the probability of a volatility regime shift as low — as long as the economy remains stable and systemic financial vulnerabilities are kept in check.

, San - Lin Chung, Chi - Hsiou Hung and Chung - Ying Yeh examine the predictive power of investor sentiment for different kinds of stocks during bull (low - volatility, expansion) and bear (high - volatility, recession) equity market regimes.

I highlighted the prospects of a change in market regime from one of ultra low volatility to a period of higher volatility.

Many assume central bankers are aware unwinding QE could end the low - volatility regime and will act to protect the «new normal».

Buybacks have been essential fuel for the low - volatility regime, enabling steady equity appreciation and in turn, the rules - based strategies pegged to that tranquility.

It is impossible to pinpoint when the low - volatility regime will end, but as Howard Marks stressed in an Oaktree client letter last week: «It's better to turn cautious too soon... than too late after the downslide has begun.»

One way or another, as the low - volatility regime winds down, buybacks appear destined for a day of reckoning.

We find that equity pull - backs are short and recoveries quick in low macro volatility regimes.

In our view, credit assets have benefitted disproportionately in recent years from a regime of low inflation, low volatility, and central banks reducing the free float of risk free assets to the tune of several trillion dollars.

Is the inclusion of 100 - day Historical Volatility (ranking from high to low) the volatility of the overall market regime or the stocks you are selectingVolatility (ranking from high to low) the volatility of the overall market regime or the stocks you are selectingvolatility of the overall market regime or the stocks you are selecting, or both?

The sustainability of such a regime does not necessarily imply markets will return to the unusually low volatility levels seen in 2017.

We find that equity pull - backs are shorter and recoveries quicker during low macro volatility regimes.

Periodic outbreaks of higher volatility can happen even within low - volatility market regimes.

We've made the argument previously that volatility tends to trade in «regimes» of low - vol, mid-vol, and high vol.

Today's realized levels of volatility stand at historically low levels — even for a low - vol regime such as the one we see persisting today.

As Artemis Capital's Chris Cole has said about the end of the low - volatility regime, February's VIX tantrum was likely «just an appetizer».