5-Chart Friday (3/27/20)

By Charlie Bilello

27 Mar 2020

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…

Source: PredictIt

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!


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