Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

When Will Be The Peak in New Daily Cases of Coronavirus in the U.S.?

Tracking the Daily COVID-19 Cases for 7 Major Countries (More Hope!)

Cross Asset Strategy

United states & South korea / Cross Asset Strategy

<div class="content-highlight">Twin Peaks used to be a popular TV drama series in the early 1990s in the U.S., with settings in a small town called Twin Peaks, Washington. Twin Peaks (also called double top) is also a key technical sign to look out for with regards to the rapidly moving VIX (CBOE Vol Index). In this insight, we discuss the potential formation of twin peaks formation for VIX, contango, backwardation, and their impact on KOSPI. </div>The VIX futures term structure is currently in backwardation (downward sloping). Most of the time, the VIX curve usually slopes upward (contango). Because the VIX futures curve is based on options on projections on various indexes such as S&amp;P 500, the longer-dated options typically have higher prices than the shorter priced ones. Watch for a potential TWIN PEAKS VIX formation in the coming days/weeks as well as a potential peak in daily new cases of COVID-19 in the U.S. and 7 major countries we mentioned in this report. These data points could help to better spot a potential turnaround in the global markets, including KOSPI.

Twin Peaks used to be a popular TV drama series in the early 1990s in the U.S., with settings in a small town called Twin Peaks, Washington. Twin Peaks (also called double top) is also a key technical sign to look out for with regards to the rapidly moving VIX (CBOE Vol Index). In this insight, we discuss the potential formation of twin peaks formation for VIX, contango, backwardation, and their impact on KOSPI. The VIX futures term structure is currently in backwardation (downward sloping). Most of the time, the VIX curve usually slopes upward (contango). Because the VIX futures curve is based on options on projections on various indexes such as S&amp;P 500, the longer-dated options typically have higher prices than the shorter priced ones. Watch for a potential TWIN PEAKS VIX formation in the coming days/weeks as well as a potential peak in daily new cases of COVID-19 in the U.S. and 7 major countries we mentioned in this report. These data points could help to better spot a potential turnaround in the global markets, including KOSPI. 

Vix, Kospi, & Liquidation (II): Twin Peaks, Contango, & Backwardation