The high volatility regime will likely be the norm in the future. State Street observed that the US market has already clocked 42 highly volatile days in 2015.
Volatility has staged a dramatic comeback in both the US equity (IVV) and bond markets (BND). US markets had been relatively calm over the past three years.
SABMiller (SAB) gained 1.30% and topped the iShares MSCI United Kingdom ETF (EWU) on September 28.
The UK stock market went into the red over the weak Chinese economic data the National Bureau of Statistics released on Monday.
The plunges in every component sector of the SPDR S&P 500 ETF (SPY) and the volatility might point towards unknown depths of the crisis from the world’s second-largest economy, China.
The SPDR S&P 500 ETF (SPY) fell by 2.51% on Monday, September 28, 2015, while the Direxion Daily S&P 500 Bull 2X ETF (SPUU) fell by 4.95%.
Forget the September versus December debate. The Fed may already be behind the curve, according to Rick Rieder.
Arm Holdings (ARMH) was the top gainer of the iShares MSCI United Kingdom ETF (EWU) on September 25 with returns of 5.99%.
The iShares MSCI United Kingdom ETF (EWU) rose by 0.55% on September 25.
The gainers on September 25 were the financial sector, utility stocks, consumer staples stocks, and industrial stocks.
Biotech stocks Vertex, Regeneron, Alexion, Perrigo, and Endo International fell by 7.05%, 6.00%, 4.97%, 4.94%, and 4.92%, respectively, on September 25.
In its recent meeting, a dovish Fed pointed out that the “uncertainties abroad” made it risky to raise the policy rate and announced its decision to leave the federal funds rate unchanged at 0%–0.25%.
Precious metals rose on September 24. The rise benefited Randgold Resources (RRS) and Fresnillo (FRES). They were among EWU’s top three performers.
Newmont Mining (NEM) led the SPDR S&P 500 ETF (SPY) by 7.91% on September 24. The stock rose with the rise in gold prices.
Healthcare stocks like Tenet Healthcare, Universal Health Services-B, and Endo International fell by 4.50%, 4.10%, and 3.98%, respectively, on September 24.
Janet Yellen stated that there could still be a rate hike this year—assuming that the inflation remains stable and the employment numbers improve.
Jobless claims impact consumer spending in the economy. An increasing number of jobless workers would erode the labor market condition while a decline suggests improving economic conditions.
The Caixin report does not bode well for commodity prices globally and hence, the stocks related to energy and materials fell further on the day in the UK.
Materials and mining stocks that were hit worst on September 23 were CF Industries Holdings (CF) and Mosaic (MOS). CF fell by 6.58% while MOS fell by 5.61% on the day.
GlaxoSmithKline gained 2.17% on the day. It is anticipated to get approval from European regulators for the release of a new biotech medicine for the treatment of severe asthma.