Equities Ignore Trump Chaos - Q1 Was The Calmest Market In A Decade

Tyler Durden's picture

One glance at the shocking headlines over the first quarter of 2017 and one would imagine intense volatility in the world's capital markets - from the leader of the free world being 'managed' by Putin to North Korean Nukes; and from Fed rate hikes to the rise of populism in Europe. But that would be entirely wrong - Q1 2017 was the calmest for US stocks since 2006...

Just a week ago, it looked as if the dormant CBOE Volatility Index was awakening.

 

Fast-forward five days, as Bloomberg reports, VIX is closing in on its lowest quarterly average since the final months of 2006.  The measure has lost 18 percent this year through Thursday as the S&P 500 Index climbed 5.8 percent.

 

Given the epic flows of retail money chasing any and everything higher, one wonders how prophetic the timing of the last nadir of this level was...

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saveUSsavers's picture

Does anyone really think GOLDMAN PROXIES aren't in control? SEVEN TRUMP INSIDERS

rockstone's picture

Sheep are usually pretty calm. Nice and sedate. They do what the dogs tell them to do.

jamesmmu's picture

Q1 just eneded, the hedge funds will come up with a new strategy at this quarter, wonder what will happen.

Fake Trump's picture

Who is in control of The White House? Trump and family plus s few gomen.