Sunday, June 21, 2015
Week in Review (6/15 - 6/19)
The VIX continues to dry up and trade towards the lower range but if we look at China we can find plenty of volatility. Friday alone the Shanghai composite was down 6.4%. For the week it is down over 13%. There were many reasons that contributed to the weakness but if we look at price alone a 13% correction is normal after the run this market has experienced.
From a sector view we saw strength in health care and staples while financials and energy lagged for the week.
Here's what we were reading this week:
Solving the riddle of weak late-day trading
Are bulls really at their lowest level since march
Correlations aren't constant
Rising interest rates and sector performance
SP 500 facts over opinions
For all those Fathers out there have a wonderful and safe Fathers Day!
Ryan Worch is the Managing Director of Worch Capital LLC. Worch Capital LLC is the general partner of a long/short equity strategy that operates with a directional bias and while emphasizing capital preservation at all times.
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