Introducing the “Vol Dash”

 

Introducing the Vol Dash by TCM, a weekly update on markets and positioning through the lens of TCM’s Volatility Dashboard.

 
Vol Dash User Guide

Vol Dash for week ended 3/13/26

Tempering some of their outperformance relative to the month's surprisingly modest equity correction, VIX prices fell with the S&P 500 last week as "worst case" outcomes failed to immediately materialize, leaving worry still clearly evident in VIX Dashboard signals that remain in or near crisis territory.  Based on historical precedent, we expect the market's reaction to Iran headlines to continue to wane with any further rise in volatility likely to come from "second order" effects of the conflict, particularly any contagion in credit markets.  

TCM Volatility Dashboard Signals 1/2/24 - 3/13/26. Source: TCM. Click for larger image

 

Exposure Update for week ended 3/13/26

Tactical Beta and Tactical Q reduced exposure another notch on Friday as VIX conditions deteriorated.

Tactical Beta daily exposure, trailing 100 day as of 3/13/26. Source: TCM. Click for larger image

Tactical Q daily exposure, trailing 100 day as of 3/13/26. Source: TCM. Click for larger image

Thompson Capital Management is a registered investment adviser. Information presented is for educational purposes only. It should not be considered specific investment advice, does not take into consideration your specific situation, and does not intend to make an offer or solicitation for the sale or purchase of any securities or investment strategies. Investments involve risk and are not guaranteed. Be sure to consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.