Market has uneventful open Stock futures drifted just below fair value during the pre-market trading session. The futures action led to a slightly lower open for the broader market which has seen 28 new high closes this year, an all-time high for the S&P, and a new 14 year high for the Nasdaq. Meanwhile, the Dow is just a hair away from reaching another new all-time high. All eyes will be on Janet Yellen as she delivers the keynote address at the Jackson Hole Economic Symposium today. Investors will also be watching for headlines regarding the situation in the Ukraine after an unapproved Russian convoy crossed the Ukrainian border last night.
Vanguard REIT ETF volatility at upper end of three-year range Vanguard REIT ETF overall option implied volatility of 18 compares to its 26-week average of 15 according to Track Data, suggesting large near term price movement.
SPDR S&P Oil and Gas Exploration and Production ETF volatility flat SPDR S&P Oil and Gas Exploration and Production ETF overall option implied volatility of 39 compares to its 26-week average of 38 according to Track Data, suggesting non-directional price movement as WIT oil is at a six-year low.