Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
 
 
 
Blog Home
Jeff Margolin
Closed-End Fund Analyst
Click for Bio

Follow Jeff on LinkedIn
Ryan Issakainen
ETF Strategist
Click for Bio

Follow Ryan on LinkedIn
 

  Alternatives Update 1st Quarter 2018
The 1st quarter of 2018 came in like a lion with the S&P 500 Index (SPX) up 5.73% in January and the MSCI Emerging Markets Index up 8.33%. It however, did not go out like a lamb. The SPX fell 6.13% and MSCI Emerging Markets Index fell 6.39% over the subsequent two months. There was a distinct reversal in themes from 4th quarter of 2017, namely cryptoasset mania and the absence of volatility. Bitcoin lost over 52% of its value during the quarter (see Figure 1). Equity volatility, as measured by the closing value of the CBOE VIX Index (VIX), spiked to a high of 37.32 during the quarter. This level was over 4 times the record low reading in November 2017 (9.14) and almost 4 times the average of the first week of the first quarter. Lost in the closing values was that the VIX went on to hit 50.30 in overnight trading after the equity markets had closed on February 5th. The portmanteau "Volmagedon" is being used by some to describe the breathtaking movement of the VIX from February 2 to February 6 and its impact on various corners of the capital markets.

Click here to continue reading.
Posted on Thursday, April 26, 2018 @ 3:52 PM • Post Link Share: 
Print this post Printer Friendly

These posts were prepared by First Trust Advisors L. P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
 PREVIOUS POSTS
Senior Loan & High Yield Review – 1st Quarter 2018
Alpha, Expenses, and the Shift from Active to Passive
Municipal Update 4th Quarter 2017
Emerging Market Local Currency Review - 4th Quarter 2017
Alternatives Update 4th Quarter 2017
Fourth Quarter 2017 CEF Review
Senior Loan & High Yield Review
Actively Managed Fixed Income ETFs Gain Marketshare
Credit Check – October 2017
Emerging Market Local Currency Review - 3rd Quarter 2017
Archive
Skip Navigation Links.
Search by Topic
Skip Navigation Links.

 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial advisors are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA.
First Trust Advisors L.P.
Home |  Important Legal Information |  Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2019 All rights reserved.