Your Week’s Volatility Market Commentary — Make Information Your Edge
This Week’s Volatility Insight Is Abbreviated Due to the Thanksgiving Holiday.
Equity Buyers Were Out In Force – Option Prices Got Crushed
The Weekly Takeaway:
- The S&P 500 gained 3.73% during the holiday-shortened week. It is now up 16.45% for the year;
- The Nasdaq-100 gained 4.93% for the week. It is now up 21.05% for the year;
- S&P 500 VolDex (ticker VOLI) closed at 13.60, a decline of 30.61% for the week;
- S&P 500 TailDex (ticker TDEX) closed at 13.29, a decline of 37.93% for the week. Important historical metrics for all our indexes including average, median, and critical percentile closes are available to subscribers at NationsIndexes.com;
- S&P 500 RiskDex, a measure of downside concern versus upside optimism, ended the week at 3.34, a decline of 39.54% for the week;
- All of our volatility indexes on the S&P 500 closed significantly lower on the week with the exception of 30-Day CallDex; which rose by 13.32% as traders reached to buy out-of-the-money calls to get bullish exposure;
- VolDex on the Nasdaq-100 fell by 27.86% to close at 18.89;
- TailDex on the Nasdaq-100 fell by 36.48% to close at 13.35. You can learn more about TailDex at Learn More About TailDex;
- The yield on Treasury notes fell by 4.6 basis points to close at 4.017%. It closed at just 3.998% on Wednesday;
- Bitcoin rebounded from last week’s trouncing, gaining 7.92% to close at 91,325. Bitcoin VolDex fell by 20.57% to 46.66 ;
- VolDex was lower for every equity we cover. PLTR VolDex led the way with a decline of 20.46%;
- The Nations Indexes Optimism Index® rose by 38.41% to close at 82.01. Our Optimism Index is always available in real-time on our home page at NationsIndexes.com;
- You can always learn more about all our indexes at Learn More About Our Indexes;
You can learn more about CallDex here.
Nations Investor Optimism Index®:
The Nations Indexes Optimism Index® rose by 38.41% to close at 82.01.
The index takes into account the current levels of S&P 500 VolDex, TailDex, and RiskDex and compares them to their rolling 2-year ranges. It is plotted on a 0 to 100 scale.
Our Optimism Index is now available in real-time on our home page at Nations Optimism Index.
Equities:
