Although it was only a mild down week for the major indices (S&P 500/SPY -0.6%), you can easily see the flight to safety in the out-performance of the “Safety Sectors,†particularly Healthcare (XLV) and Consumer Staples (XLP). Take a close look at their respective Omega Ratios in the far right column, through the roof!
Although I may expect some level of retest down from the late week bounce, it was certainly impressive just how quickly the VIX (options volatility) dove back to recent lows.
Source: ETF Rewind subscription service.
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