Bond Volatility – MOVE Index The decrease in UST bond market volatility is viewed positively as it signals a more stable and predictable investment environment, benefiting both individual investors and the broader economy. Image: The Daily Shot
S&P 500 Equal Weighted vs. MOVE Index Assuming bond volatility continues to decline, will the S&P 500 equal weighted index continue to rise? Image: Deutsche Bank Asset Allocation
Treasury Volatility – MOVE Index The decrease in U.S. rates volatility, as indicated by the MOVE index, could be viewed as a positive development for both the bond market and the overall economy. Image: Deutsche Bank Global Asset Allocation
MOVE – U.S. Treasury Volatility Index The cooling of U.S. rates volatility, as measured by the MOVE index, can be seen as a positive development for the bond market and the broader economy. Image: BofA Predictive Analytics
Volatility Divergence – VIX vs. MOVE The divergence between VIX and MOVE presents unique challenges and opportunities for market participants, reflecting different expectations and perceptions of risk in the equity and bond markets. Image: BofA Global Research
Average U.S. 10-Year Treasury Yield Move Before and After the Last Fed Hike in the Cycle Historically, after the last Fed rate hike, U.S. 10-year Treasury yields have tended to trend lower on average. Image: Deutsche Bank
MOVE Index vs. S&P 500 Equal-Weighted vs. S&P 500 The main factor driving U.S. equities has been the volatility of rates. Image: Deutsche Bank Asset Allocation
Performance – Percentage Point Difference between S&P 500 and Equal-Weighted S&P 500 Annual Price Moves The outperformance of the S&P 500 vs. the S&P 500 equal-weighted is the biggest since 1998. Image: Deutsche Bank
S&P 500 Stocks – Average Earnings Day Moves In the current quarter for earnings, U.S. stocks have moved +/-4.6%, which is the highest in the last ten years. Image: Goldman Sachs Global Investment Research
Volatility – VIX/MOVE Ratio The VIX/MOVE ratio is still falling. Image: The Daily Shot