City AM on the bleak election result in Europe's fourth biggest economy: «Italian voters left the Eurozone's third biggest economy a gridlocked political mess yesterday, with a hung parliament clobbering the euro, spooking stock markets, and
sending measures of volatility soaring.
The reality is that rising
volatility as measured by the CBOE Volatility Index, or VIX, «is only a reflection of volatile movements in the market — it is not a predictor of future returns,» David Kotok, the head of Cumberland Advisors, sent in a Friday note written by Leo Chen Ph.D. to the wealth management firm'
volatility as
measured by the CBOE
Volatility Index, or VIX, «is only a reflection of volatile movements in the market — it is not a predictor of future returns,» David Kotok, the head of Cumberland Advisors, sent in a Friday note written by Leo Chen Ph.D. to the wealth management firm'
Volatility Index, or VIX, «is only a reflection
of volatile movements in the market — it is not a predictor
of future returns,» David Kotok, the head
of Cumberland Advisors,
sent in a Friday note written by Leo Chen Ph.D. to the wealth management firm's clients.
Since then, U.S. equity market
volatility has continued to decline; last week, the VIX Index — a commonly used
measure of equity
volatility — dropped below 11, the lowest level since the summer
of 2014, before the U.S. travel ban - related selloffs
sent the index climbing earlier this week to near 13.