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What is it with 2,860 this week. After a strong day on Monday, it seemed as though getting back to the January highs would be a mere formality for the S&P 500, but in the last three days, it hasn’t even been able to trade and close above 2,860.
In tonight’s Closer sent to Bespoke Institutional clients, we look at how equities perform after the VIX closes at a six-month low for the first time in at least six months. We also look at prior periods where the S&P 500 went at least six months between new highs to see how common it was for the index to make a run for new highs, only for it to end up being a false alarm.
See today’s post-market Closer and everything else Bespoke publishes by starting a 14-day free trial to Bespoke Institutional today!