5 charts from the past week that tell an interesting story in markets and investing..
1. Big Swings Continue
The Dow was up 11.37% on Tuesday, its 4th largest gain in history (see recent post).
If we look back at the top 25 daily gains historically, 15 occurred during the Great Depression (August 1929 – March 1933) and 4 during the Great Recession (December 2007 – June 2009).
2. Historic Volatility
The $VIX (Volatility Index) ended the week at 65.54, its 10th consecutive close above 60. That’s never happened before. The prior record was 8 straight above 60 from November 14 to November 25 in 2008. (note: $VIX started in 1990)
3. Balance Sheet to the Moon
The Fed’s balance sheet moved up to $5.254 trillion, a new high. In the last week it increased $586 billion, the largest weekly increase ever (prior record was $356 billion last week, and before that $292 billion from Sep 24-Oct 1 in 2008).
4. Cuomo Passes Bernie
The betting markets now have Andrew Cuomo ahead of Bernie Sanders in odds to win the Democratic nomination…
5. Gas Prices Plummeting
Gasoline prices in the US (national average) will be below $2.00/gallon by early next week.
And that’s it for this week. Thanks for reading.
Have a great weekend everyone!
-Charlie
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