Monthly model updates and more stats shedding light on an unusual market environment.
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September has arrived and brought monthly updates to many of our DWA models. To see if any of your models made any changes during their most recent update, be sure to visit the models page and look at the “Actions/Activity” column on the right. If any changes were made, you’ll see a blue oval with the number of changes. To view the trades, simply click on the number and a list of the securities sold and bought will appear. If you wish to set notifications on a specific model, be sure to click on the bell icon to turn notifications on and receive alerts on any future model changes.
As the major market indices continue to make new all-time highs, the VIX has remained stubbornly elevated. Over the last ten days, the S&P 500 Index is up 3.5% while the VIX is up 23.7% (thru 8/31). This is a rare occurrence where the VIX is up over 20% while the S&P 500 Index is up over 3%. Removing a clustering of incidences, this has only happened 6 times since 1990. While returns are positive over the longer term, it does suggest that we could see a pullback over the short term. Although there aren’t enough data points to make any firm conclusions, it does help us add some context to an unfamiliar market environment in which major market indices have run up into heavily overbought territory.
