Market Update: March 2, 2020
Jay Pestrichelli gives a strategy update on March 2, 2020.
Strategy Update
Jay discusses some strategy tactics amidst the market volatility of February 2020.
HiPOS Update: We Hold Steady
While the selling started in the markets Friday, it intensified into the close on Tuesday. Today we saw the market try to rally up before settling in at the close down a bit from yesterday.
Good Reminder of Why We Hedge!
After several sanguine weeks in equity markets, Monday marked a good reminder of why we hedge in many of our core portfolios. The S&P 500 Index opened down lower from Friday’s close...
HiPOS Weekly Update: Mostly Up with a Little Down
As the second week of our latest HiPOS Conservative trade ends, the market action has generally been bullish with a sprinkle of bear moves mixed in. One of the ways we monitor our HiPOS trades is by calculating the current distance from the S&P 500 Index to the short put strike.
HiPOS Weekly Update: Volatility Recedes and Prices Rise
After what seemed like a one-day event, volatility has receded as the underlying markets move back to all-time highs. This price action has been favorable for our HiPOS conservative trade as it results in the distance widening between the current price and the short 2875 strike.