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Mario Randholm Blog. Mario is the founder of Randholm & Co. S.A.C., an investment management company dedicated to producing superior returns for its clients and employees by adhering to mathematical and statistical methods.
Rejection of lower lows $SPX and Higher $VIX
The $SPX rejected lower lows and in extended hours we are trading higher.
The Dow and S&P 500 advanced, boosted by energy shares, while the Nasdaq ended lower. Lower-than-expected U.S. retail sales data dragged the dollar and Treasury yields down, adding to bets the Fed was unlikely to increase interest rates in June. Crude rose after a surprise drop in expectations for U.S. oil output and gold sank.
The Bank of Canada is expected to hold interest rates steady at 0.75 percent after making waves with a shock rate cut in January. The focus will be on the update to its Monetary Policy report, with the bank expected to lower its forecast for first-quarter economic growth from the 1.5 percent it had predicted in January.
