Where’s the Volatility?

Here’s a look at the intra-day S&P 500 over the last ten days.

The good news is that the S&P 500 just closed at a post-election high. But over the last seven days, the market has had very little intra-day volatility. The index has bounced between 1,400 and 1,423 which is roughly 1.6%.

The width of the y-axis understates my point, but if we compared the past seven days with any other period of seven days, the graph above would almost appear to be a straight line.

Posted by Eddy Elfenbein on December 7th, 2012 at 7:41 pm

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