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In this monthly report, SIMA looks at market metrics and trends for volatility, price and volumes.
Welcome to the year of the rabbit! While 2022's year of the tiger was about active energy, this cosmological year will be about relaxation, quietness, and contemplation in the Chinese calendar. Apparently, the rabbit’s charm and speed attract qualities such as money, partnership, and success. Last year was a volatile and negative year for markets. Could the rabbit bring markets a smoother and hopefully upward-sloping ride in 2023?
In January:
- Volatility (VIX): Monthly average 20.20; -7.3% M/M, -12.8% Y/Y
- S&P 500 (Price): Monthly average 3,960.66; +1.2% M/M, -13.4% Y/Y
- Performance (month/year): best = cons disc +15.0%; worst = utilities and healthcare -2.0%
- Equity ADV: Monthly average 11.3 billion shares; +5.0% M/M, -8.4% Y/Y
- Options ADV: Monthly average 45.2 million contracts; +12.1% M/M, +3.2% Y/Y
