Good MorningThe equity markets tread water on Tuesday after rising more than 1.5% on Monday. The pause is not unexpected although where the market goes from here is still uncertain. One of the many factors that traders are watching is the VIX. The VIX is also known as the “fear gauge” and is trading well-above its pre-COVID levels. With VIX double its January 2020 levels many traders are worried another big drop in the markets is at hand.
What investors need to remember is that the VIX is not really a gauge of fear. It is a gauge of options prices relative to the S&P 500 and used as a proxy for fear. The idea is that when options are highly-priced the market is fearful of a correction. Investors should remember that options can also become overvalued when there is an expectation of higher index prices. Today’s high VIX levels may be an indication the market will continue to fall, or they might not.
Featured: Former hedge fund manager slams Wall Street in viral video (Stansberry Research) 
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Markets | | | there was no denying that shares of mining giant Freeport-McMoRan (NYSE: FCX) had successfully tapped into value hunting investors who have been rushing back into equities in the aftermath of March’s lows. Read the Full Story |
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Healthcare is going digital. And yet this is one case where technology is actually bringing back a little intimacy to the doctor-patient relationship.
I’m generally fascinated by the way events, such as the Covid-19 pandemic, bring about or provide a catalyst for trends that when we look at... Read the Full Story |
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We sometimes hear an economy referred to as a Goldilocks economy, not too hot, not too cold. At the individual stock level, Paychex (NASDAQ:PAYX) can be considered a Goldilocks company - not too exciting, but not all that boring either.
The fortunes of the Rochester, New York-based payroll servic... Read the Full Story |
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Automotive parts supplier Genuine Parts Co. (NYSE: GPC) shares have moved in parallel with the benchmark S&P 500 index (NYSEARCA: SPY) from the pandemic panic sell-off in February to the recovery since the end of March 2020. The Company distributes automotive and industrial replacement p... Read the Full Story |
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Markets | | | Bloomin' Brands (NASDAQ: BLMN) is no exception, and worse yet, this one had some pretty hefty downside going into the pandemic. Some of the latest reports, however, suggest that this oddball brand might have some surprise upside potential.
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The Early Bird Stock Of The Day General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names. In addition, the company sells trucks, crossovers, cars, and automobile parts through retail dealers, and distributors and dealers, as well as to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies, and governments. Further, it offers range of after-sale services through dealer network, such as maintenance, light repairs, collision repairs, vehicle accessories, and extended service warranties. Additionally, the company provides automotive financing; and software-enabled services and subscriptions. General Motors Company was founded in 1908 and is headquartered in Detroit, Michigan. | | View Today's Stock Pick |
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