The S&P 500 Goes On 'Roller Coaster' Ride, But Remains Within Redzone

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Posted: Sep 20, 2021 1:44 PM
The S&P 500 Goes On 'Roller Coaster' Ride, But Remains Within Redzone

Source: AP Photo/Ahn Young-joon

The S&P 500 (Index: SPX) had what Reuters called a 'rollercoaster' week, but when all was said and done, stock prices still fell within the expected range.

Or rather, the range that would be expected if investors were mainly focusing on 2022-Q1 in setting current day stock prices. Or on 2021-Q4, since there's not much difference between the expectations for this quarter and 2022-Q1 at this point of time.


As for the market's rollercoaster week, Friday, 17 September 2021 was a quadruple witching day, with a slew of options and futures contracts expiring. That includes the dividend futures contract for 2021-Q3, which as far as the alternative futures chart is concerned, is over.

If you read the marking moving headlines of the week below carefully, you can see why 2021-Q4 or 2022-Q1 are points of interest for investors looking forward in the story considering the timing of when the Fed will start tapering off its pandemic stimulus bond buying program, which it identifies as likely to happen in either November (2021-Q4) or in December (2022-Q1), where the quarters are defined by dividend futures contract expiration dates.

Monday, 13 September 2021
Tuesday, 14 September 2021
Wednesday, 15 September 2021
Thursday, 16 September 2021
Friday, 17 September 2021

With expectations for the future of U.S. interest rates often influencing investors, one resource for checking out recent trends you might find useful is the Daily Treasury Yield Curve Rates database from the U.S. Treasury.