The VIX Plunges and the S&P 500 Hits New High

We’re back! I hope everyone had a nice weekend. On Friday, the S&P 500 closed at an all-time high. We’re up again today into another all-time intra-day high. The S&P 500 is currently at 1,908. Once again, the small-caps are doing the best.

The most surprising action is in volatility. On Friday, the VIX ($VIX) closed at 11.36, and we’re not far from making a seven-year low. On our Buy List, Moog ($MOG-A) is up to $73 per share, which is a new 52-week high. Oracle ($ORCL) is also in new high territory.

This morning’s durable goods report showed an increase of 0.8% in April. Economists were expecting a decline of 0.7%. The figure for March was revised to +3.6%.


Posted by on May 27th, 2014 at 9:51 am

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.