Volatility Returns! Then Leaves

Remember how volatility finally returned on February 27? Well, it turns out that it didn’t stick around for too long.

Following 2/27, the S&P 500 had three +1% days and one -2% day, but in the last two weeks, the market has gone back to being as dull as usual.
For the last ten days, the S&P 500 has had an average daily swing of 0.49%, which is just about what it did for the six months prior to 2/27.
The Volatility Index (^VIX) is back below 13 today.

Posted by Eddy Elfenbein on April 5th, 2007 at 2:26 pm

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