Investors and Trading Activity in Options Investors are trading more actively in options with less than 2 weeks to maturity, driven by better visibility of the catalyst path. Image: Goldman Sachs Global Investment Research
S&P 500 Performance During Regular Trading Hours vs. Extended Hours Chart showing the performance divergence between regular trading hours and extended hours. Image: J.P. Morgan
Performance – Retail Trading Favorites vs. S&P 500 The most popular retail trading stocks have outperformed sharply the broader market. Image: Goldman Sachs Global Investment Research
S&P 500 (SPY) After Hours vs. Regular Trading Performance This year, market returns were achieved during regular trading hours. Buying the open (SPY) and selling the close: +16.9% YTD (for informational purpose only, not investment advice). Image: Bespoke Investment Group
Individual Investors Are Trading More Actively in Shares and Options The move to zero commissions in October and the lockdowns boosted individual investor volumes. Image: Goldman Sachs Global Investment Research
Equity Market Recoveries (Rise in S&P 500 Compared to Its Lows from the Past 500 Trading Days) Historically, the S&P 500 has rallied at least another 10% following a major crash. Image: Nordea and Macrobond
Volatility – Number of Days with >3% S&P 500 Moves over a 15 Trading Day Window The S&P 500’s volatility is similar to the Great Financial Crisis and the Great Depression. Image: Deutsche Bank Asset Allocation
S&P 500 and Number of Trading Sessions to Close Down 20% or More from a Peak The S&P 500 experiences its fastest fall into bear market in history. Image: Financial Times
Liquidity – Average Daily Trading Volumes U.S. treasuries are the most liquid class of assets, with an average of $485 billion a day in 2018. Image: howmuch.net
Trading Liquidity in U.S. Equities (for S&P 500) Chart suggesting that the lack of market liquidity may have exacerbated the impact of buybacks on U.S. equities. Image: Societe Generale Cross Asset Research