The title for this week’s article comes from one of my favorite songs from one of my favorite bands- The Clash. No doubt that the Bulls and Bears have been clashing since the beginning of the year.
Volatility certainly has returned in a big way to the markets. The Fed hiking rates and the ongoing geopolitical turmoil out of Ukraine adds to the uncertainty. Although the VIX has softened recently, it remains at elevated levels. The Average True Range (ATR) in the SPY, a measure of actual volatility, reached the highest levels since the Covid Crisis.
