Market Metrics and Trends

Market Theme

Markets continue to push upward, posting a record S&P 500 level of 6,890.89 on October 28th.
The S&P 500’s concentration has continued to intensify, as high-growth stocks command larger index weights, contributing to rising valuations and earnings expectations.

Market Metrics

Volatility Index (VIX): Monthly average 18.09%; +2.31 pp M/M, -1.87 pp Y/Y
S&P 500 (Index): Monthly average 6,735.69; +2.3% M/M, +16.3% Y/Y
S&P 500 Sector Performance:
- Best = Technology +6.2% M/M / Technology +29.3% Y/Y
- Worst = Materials -5.1% M/M / Consumer Staples -0.6% Y/Y
Equity Average Daily Volume (ADV): Monthly average 21.0 billion shares; +14.7% M/M, +80.0% Y/Y
Options ADV: Monthly average 70.7 million contracts; +9.2% M/M, +49.9% Y/Y

Featured Charts

Matthew Paluzzi
Research Associate
SIFMA Insights

Previous Reports

SIFMA Insights
Market Structure Week Debrief

This past November, SIFMA hosted our annual Listed Options Symposium and Equity Market Structure Conference. Across the two days, we gained insights into top-of-mind topics for market participants. Inside this note, we recap just some of what was seen and heard.
SIFMA Insights
An Analysis of US Equity Market Structure

In two reports on market structure, liquidity and off-exchange trading, we analyze top-of-mind trends and explore the unintended consequences of fragmentation.
SIFMA Insights
US Equity Capital Formation and Listing Exchanges Primer

Initial public offerings (IPOs) are an important way for businesses to grow, innovate and better serve their customers. Yet, the number of public companies has declined 46% since its peak in 1996. Why might that be? What can be done?
SIFMA Insights
US Equity Market Structure Primer

Efficient and resilient market structure is key to sustaining investor confidence and participation underpinning the equity markets.
SIFMA Insights
US Multi-Listed Options Market Structure Primer

The primer series by SIFMA Insights fosters an understanding of the marketplace to set the scene to address complex issues arising in today’s markets. Learn important technical and regulatory nuances about options, contracts to buy or sell an underlying asset or security at a specified price on or before a given date.