By: Steve Bruce Bears Got Louder. Volatility Didn’t. Last week’s AAII survey came in very bearish. The VIX stayed under 20. That is a strange combination. Investors said they were nervous. The market’s price of insurance did not. When AAII bearish sentiment has sat at this level, the VIX has averaged close to 30. Last […]
By: Steve Bruce The market’s historically boring stretch may be here. September and early October have often been a reminder that markets don’t move higher in a straight line. Looking back at the S&P 500 since 1970, this part of the calendar is typically the softest stretch of the year — a period where the […]