“There are generally more negative than positive 3-standard deviation moves for equities, indicating a negative ‘skew’ for equity returns,” Mueller-Glissmann said. “And recently the balance has shifted further towards negative moves.”
Looking further out, we are still in the midst of an election season, and the uncertainty has been a negative factor on the equities market.
“There are concerns and worries, and it’s coming from both sides of the aisle,” Karen Altfest, principal advisor and executive vice president of client relations at Altfest Personal Wealth Management, told CNBC. “Yes, it’s a complicated world, but the people who have fears aren’t focusing on things like stock valuations and economic indicators and trends that an investor should look at to make decisions. They’re focusing on their feelings about [unrelated]things.”
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