U.S. Nominal GDP vs. S&P 500 Volatility

U.S. Nominal GDP vs. S&P 500 Volatility This chart shows that the S&P 500 volatility remains high in a context of slower macroeconomic cycles. Picture source: Goldman Sachs Global Investment Research

S&P 500 Average Stock Realized Volatility by Month

S&P 500 Average Stock Realized Volatility by Month This chart shows that October has traditionally been the most volatile month for stocks. Picture source: Goldman Sachs Global Investment Research

S&P 500 – Fundamental Factors Volatility

S&P 500 – Fundamental Factors Volatility The chart shows factor volatility at its highest level since 2016. Picture source: Goldman Sachs Global Investment Research

S&P 500 1-Month Realised Volatility History

S&P 500 1-Month Realised Volatility History This chart shows that the last 90 years have been split equally between high, low and normal volatility regimes. Picture source: Goldman Sachs Global Investment Research

S&P 500 1-Year Volatility vs. EPS Revisions

S&P 500 1-Year Volatility vs. EPS Revisions This chart from SG shows a good correlation between earning revisions and the S&P 500 1-year volatility. You may also like “S&P 500 1-Month Volatility History Since 1928 and VIX Since 1990.” Picture source: Societe Generale Cross Asset Research

S&P 500 Low Volatility Stocks Are the Best Performing Asset YTD

S&P 500 Low Volatility Stocks Are the Best Performing Asset YTD This chart shows that S&P 500 low volatility stocks are the best performing asset year-to-date (outside of GSCI energy). Actually, high-quality stocks are a good way to protect against a weak economy. Picture source: Goldman Sachs Global Investment Research

S&P 500 1-Month Volatility History Since 1928 and VIX Since 1990

S&P 500 1-Month Volatility History Since 1928 and VIX Since 1990 The stock market crash of 1929, the Black Monday of 1987 and the global financial crisis in 2008 were the most extreme events. Picture source: Goldman Sachs Global Investment Research

Performance of Hedge Fund Index vs. S&P 500

Performance of Hedge Fund Index vs. S&P 500 Hedge fund returns have not been as good as those of the S&P 500, but volatility has been lower. Picture source: Richardson GMP