Mulvi Morning Update 1/30/2018
On Our Radar (click for full chart package)
- All eleven S&P 500 Sectors in the red yesterday. Defensive groups such as Utilities, Telecom and REIT’s leading to the downside
- However message from the market didn’t have exceedingly bearish tone as stocks actually outperformed bonds. At the factor level, small cap outperformed the market and high beta continued to outpace low volatility
- VIX is up over 25% in January. Surprising given the typical inverse relationship between stocks and volatility
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