The weekly Market Update is posted at Alpha Baskets and includes the following;
Martin Kremenstein from Nuveen was quoted at the Inside ETFs Conference last week as saying “the black swan is a 4am tweet.” This of course refers specifically to President Trump’s proclivity for Tweeting and more broadly the volatility associated thus far with the new administration. Interestingly the political volatility has not been matched in the capital markets. Last week we noted the lack of volatility as exhibited by VIX at 12. Well if you liked VIX at 12, you’ll love it at 10 ½ which is where it closed on Friday. It seems that while social media is in a frenzy over political developments the market are quite calm.
Please click through to read the entire update.
Hiking on Saturday
Car show in Prescott last September