MOVE on the Move

The Market Ear highlights a recent uptick in bond volatility (MOVE), noting that while tech stress currently dominates market fear, rising bond vol historically pressures the S&P 500.

Key Takeaways

• 1.Bond volatility (MOVE index) has recently begun to rise after being dormant.
• 2.Equity fear, specifically related to the technology sector, is currently the primary driver of market stress.
• 3.There is a strong negative correlation between the S&P 500 and bond volatility; rising MOVE index levels typically pressure the SPX.

Table of Contents

• MOVE on the move
• Nothing compared to tech stress
• The SPX connection

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