And that’s a wrap on a September that, for the most part, lived up to its reputation of equity market volatility. Using QuikStrike data, we put together the Month in Review chart, the format of which should be familiar to regular users. While the chart depicts beginning and ending values for price, volatility and skew, they certainly didn’t get from 8/31 to today in a straight line; there was a lot of up and down throughout the month in a handful of these markets. As you can see from the chart, once the dust settled (at least where the dust was in mid-afternoon trading), we observe the following:
While we certainly want to be careful not to offer a political opinion, we think it’s safe to say that if last night’s first Presidential debate was an indication of what to expect from now until November 3rd, we’re in for an interesting month. We’ll be here to report on the impacts that the election and all of the other global goings-on have on CME Group markets.