Will the Summer Heat Make the Market Sweat

This chart description is for illustrative purposes only and its accuracy cannot be guaranteed. Please see full disclosures at end of PDF document in the web post. General description: Two-line chart comparing Russell 1000 performance and VIX behavior during U.S. debt ceiling crises. Typically, when the VIX increases, markets perform badly, reflecting investor uncertainty, and during debt ceiling crises, that mostly holds true. The most recent crisis has had less of an impact on both VIX and Russell 1000 performance holding relatively steady. Please contact our team for the full dataset. Chart subtitle: Market volatility has remained relatively muted throughout May’s debt ceiling negotiations. Chart visual description: Left y-axis is labeled “Russell 1000” and ranges from 0 to 3,000. Right y-axis is labeled “VIX” and ranges from 0 to 60. X-axis shows time in 7-month increments, beginning in January 2010 with labels up to May 2023. Russell 1000 line is plotted in very dark green and VIX line is plotted in dark teal. Debt Ceiling Crises periods are plotted with solid shading in light tan behind lines: one from April to November 2011, one from January to October of 2013, one in July to December of 2021, and the current, which began in April 2023. Chart source: Federal Reserve Bank of St. Louis, Yahoo Finance as of May 30, 2023. End chart description. See disclosures at end of document.

Posted on May 31, 2023May 31, 2023 Full size 1911 × 1033

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Published inWill the Summer Heat Make the Market Sweat

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