The Mr Obvious Award goes to …
Concern is building that years of record-setting gains for U.S. stocks may give way to a market plunge, according to Jim Paulsen, Leuthold Group Inc.’s chief investment strategist. In a report Monday, he cited the Chicago Board Options Exchange’s SKEW Index, which shows the perceived risk for a so-called black-swan event that’s reflected in S&P 500 Index option prices. Paulsen cited a six-month moving average, similar to the 120-day version displayed in the chart. The latter average is just below a record set in August.
And here is the non-moving average SKEW chart.
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