VIX’ Impact On Equity Groups
The recent rise in volatility penalizes recent stock market winners whose total returns depend more on price appreciation and rewards groups whose total return depends more on yield and predictability. This is exactly what we should expect.
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Market Facts — May 24, 2006
VIX’ Impact On Equity Groups The recent rise in volatility penalizes recent stock market winners whose total returns depend more on price appreciation and rewards groups whose total return depends more on yield and predictability. This is exactly what we should expect.