Newsletter Portfolio Idea GM Powers Higher, Markets Calm Down…a Bit
The US markets still faced quite a bit of volatility during the trading session February 6, but it wasn’t anything compared to the bloodbath from Groundhog Day and the subsequent Monday. We can only hope that the worst has passed, but it probably hasn’t. By Kris Rosemann and Brian Nelson, CFA After overnight fears February 5/6 of a significant drop at the stock-market open–the Dow Jones Industrial Average (DIA) had been indicated down as much as 1,000 points at one point–stocks jumped between positive and negative during the trading session February 6, and the last 24-48 hours have seen more than its fair share of volatility. The CBOE Volatility Index (VIX) rose above 50 for the first time since August … Read more