Bespoke co-founder Paul Hickey appeared on CNBC’s Closing Bell on Tuesday to discuss the market outlook post earnings season. If you missed it, you can see the segment by clicking the image below.

Much has been said about the drop in volatility that we’ve seen for equities, but we’ve also seen a big drop in vol for oil.  You can see the tight sideways pattern that oil has formed over the last few months in the chart below:

Over the last 50 trading days, oil has averaged an absolute daily change of +/-1.2%.  That’s significantly lower than where things stood last year at this time.  Below is a chart showing this reading on a rolling basis going back to 1983.  During oil’s big price collapse from late 2014 through early 2016, volatility spiked significantly.  In early 2016 when prices were about to bottom, oil had averaged a daily move of nearly +/-4% over the prior 50 trading days.

While the current reading of +/-1.2% is down sharply compared to a year ago, it’s still not close to the lows seen just prior to the peak for oil prices in late 2014.  Back then oil was seeing daily moves of just over half a percent.  Talk about a calm before the storm.

Below is an updated look at historical bull markets for the S&P 500 going back to its inception in 1928.  Remember, the standard definition of a “bull market” is a 20%+ rally that was preceded by a 20%+ decline.  We’ll leave the argument over what should or shouldn’t be considered a bull market for another day.  Here we’re only reporting the numbers.

As shown below, the current bull market that began on March 9th, 2009 has now lasted 2,906 days.  That makes the current bull the second longest on record by 299 days.  The only bull market that lasted longer was the one that ran from December 1987 through March 2000.  Remarkably, the S&P didn’t experience a decline of 20% on a closing basis over that entire 4,494-day period.

Another notable stat is that the current bull has now lasted more than 1,000 days longer than the previous bull that ran from July 2002 to October 2007.

In terms of strength, the current bull still ranks third best with a gain of 248.96%.  To move into second place, the gain will need to eclipse the 267% rally seen from June 1949 through August 1956.

In case you’re wondering, the shortest bull market on record lasted just 24 days — occurring all inside the month of June 1931.

Below is a look at the performance of major commodities so far in 2017.  As shown, silver is up the most at +12.5%, followed by platinum (10.4%), copper (10.0%), and coffee (9.4%).  On the downside, natural gas has been by far the biggest loser with a drop of 29%.  Orange juice is down the second most at -9.3%, and oil is just barely in the red with a decline of 0.9%.

Below is a look at one-year price charts for oil, natural gas, gold, and silver.  As shown, oil is right in the middle of what has become a very tight range, while natural gas has moved into extreme oversold territory.  As of this morning, natural gas was trading more than two standard deviations below its 50-day moving average.  Both gold and silver have recently moved to the top of their trading ranges, having recently broken above the top of their multi-month downtrend channels.

It has now been one full month since Donald J. Trump was inaugurated as President, and you may recall that the general consensus after the big post-election rally was that investors should “buy the Election and sell the Inauguration.”  Even though the ‘buy’ part of the strategy was never mentioned until early January – well after the market rallied in November – the consensus trade was that all of the gains pre-Inauguration were being borrowed from the future and that investors would sell the news after Trump was sworn in.  It has only been a month, but so far the strategy hasn’t quite panned out.  Since Inauguration Day, the S&P 500 is up 3.3%, while the average performance of the 500 stocks in the index is even better at +3.6%.

In the tables below, we provide a brief summary of the S&P 500’s biggest winners and losers during the first full month under President Trump.  The first table below lists the 25 biggest winners over the last month.  Leading the way higher is Arconic (ARNC), which thanks to an activist investor, is up over 40%.  Behind ARNC, Seagate Technology (STX) is the only other stock up more than 20%.  Other notable names on the list include Apple (AAPL) and Cisco (CSCO).  In terms of sector representation, it was surprising to see relatively few stocks from the Financials (3) and Industrials (4) sectors as they have been considered to be among the biggest winners under a President Trump.  On the flipside, the sectors with the greatest representation are Technology and Health Care, each with six stocks.  Both of these sectors did poorly on a relative basis to close out 2016, but investors have started coming around to them regardless of the President’s not-so-positive-relationship with the sectors.

To the downside, 117 stocks in the S&P 500 are down since the Inauguration, and below we list the 25 worst performers.  Under Armour (UAA) has been the worst stock by far, losing close to a quarter of its value.  Behind UAA, eight other stocks are down 10%, including other consumer names like Mattel (MAT), Ralph Lauren (RL), and H&R Block (HRB).  In fact, Consumer Discretionary stocks have been especially hard hit under President Trump with eight of the worst 25 performers.  Likewise, even though he has promised to decrease regulation and ease drilling restrictions, eight stocks from the Energy sector also made the list of 25 biggest losers.  Perhaps there will be just too much oil coming out of the ground.  One sector conspicuously absent from the list of biggest losers is Financials.  While they may not be ripping under President Trump, Financials also haven’t been under pressure by any stretch.