What had been a slightly higher session quickly reversed right after 11:00am this morning. The S&P 500 Index had been trading at 3386 quickly sold off ~45 points in just over 30 minutes time. The CBOE Volatility Index (VIX) traded over 17, the highest level in over two weeks. No real reason was attributed to the rapid sell-off, but the SPX has since cut the loss in half and was down 21 points at 1:30pm. The best performing sector YTD—Information Tech— bore the brunt of the selling falling over 2%.
Past performance is not a guarantee of future results. Index returns are unmanaged and do not reflect the deduction of any fees or expenses. All expectations and data points are sourced from Bloomberg as of 02/20/20 unless noted otherwise.
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