It's time now for the big picture. So, let's welcome in Nathan Peterson, director of derivatives analysis, Schwab Center for Financial Research. So, what do you make of sort of the price action we're seeing today.Nathan, off the back of what has been, you know, still continued fairly good earnings. I mean, we've got a beat rate of over 80% so far, is this a sort of a story of the markets getting somewhat of a reality check on sort of the correction type of conversation. Um and also of course as we continue ...

This week, I’m examining two volatility measures on the S&P 500 Index (SPX). The 20-day historical volatility (HV) has fallen below 6% for the first time in over a year, meaning the index has been especially calm over the past 20 trading days as the index continues to hit new all-time highs. The second volatility measure, the CBOE Volatility Index (VIX), reflects the expected volatility over the next 30 days based on SPX option prices. Interestingly, while realized volatility (the 20-day HV) has collapsed, ...