How to Read Daily Market Returns Without Mixing Trading Sessions
Learn to calculate daily market returns, label trading sessions, distinguish yield changes and avoid mixing intraday quotes with completed closes.
Global Macro
Cross-cutting macro issues, IMF and World Bank signals, and shifts in global liquidity.
VIX on October 16: A 21.45% Rise Is Not a Stock-Market Return
VIX rose from 16.46 to 19.99 on October 16. A corrected review separates volatility-index changes, equity returns and regional trading sessions.
October 9 Review: Gold and US Stocks Rose, With an Older Korean Close
The original KOSPI decline of 4.54% is corrected to 2.62% for October 8. A dated retrospective with source-linked closing observations and transparent calculations.
September 28 Review: Gold Fell 3.54% While Dollar Quotes Declined
The original KOSPI decline of 1.83% is corrected to 2.70%. A dated retrospective with source-linked closing observations and transparent calculations.
September 22 Review: KOSPI Gained 0.15%, Not 1.79%
The original KOSPI gain of 1.79% is corrected to 0.15%. A dated retrospective with source-linked closing observations and transparent calculations.
2026-09-16 Review: How Did the Won and Yen Comparisons Differ?
Historical review through 2026-09-16: How Did the Won and Yen Comparisons Differ? Source-linked daily data, a five-observation comparison and explicit corrections.
2026-09-10 Review: How Different Were the Daily and Five-Session VIX Moves?
Historical review through 2026-09-10: How Different Were the Daily and Five-Session VIX Moves? Source-linked daily data, a five-observation comparison and explicit corrections.
2026-09-04 Review: How Did Gold Perform Beyond One Daily Quote?
Historical review through 2026-09-04: How Did Gold Perform Beyond One Daily Quote? Source-linked daily data, a five-observation comparison and explicit corrections.
2026-08-28 Review: Did the Daily Gold Move Match Its Five-Session Direction?
Historical review through 2026-08-28: Did the Daily Gold Move Match Its Five-Session Direction? Source-linked daily data, a five-observation comparison and explicit corrections.
2026-08-21 Review: Was the Reported Korean Surge Reproducible?
Historical review through 2026-08-21: Was the Reported Korean Surge Reproducible? Source-linked daily data, a five-observation comparison and explicit corrections.