PRESS ROOM
Volatility continues to settle despite risks
Monday 03rd August '20
Rising geopolitical tensions between China and the US, a continuous uptick in infections and weak second quarter economic data have collectively failed to dial up US equity market volatility. The CBOE Volatility Index (VIX) is now around 25 as it continues to ease towards the average 2019 level of around 19. US equities maintained their positive momentum in July with the S&P 500 Index up 5.6% (over the month on a total return basis). As has been the trend so far this year, technology continues to lead the way in US equities.