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VIX and High Yield Spreads October 09, 2013

By Knowledge Leaders Team in Uncategorized

Over the last five years, the CBOE Volatility Index (VIX) has had an 87% correlation with high yield spreads. If the VIX keeps rising, high yield spreads are likely to widen.

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MSCI Cyclical and Counter-Cyclical Baskets October 08, 2013

By Knowledge Leaders Team in Uncategorized

We divide the MSCI World index into cyclical (including materials, industrials, technology and consumer discretionary, financials and energy) and counter-cyclical baskets (including consumer staples, health care, telecom, utilities). The relative performance of cyclicals vs. counter-cyclicals generally improves when the economic news is improving and contracts when it is deterioratinig.

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SP500 Futures Down & VIX Rising October 08, 2013

By Knowledge Leaders Team in Uncategorized

S&P 500 futures fall to 10 day lows this morning. The VIX is close to breaking out above 20.

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