The Volatility Killer

The S&P 500 is up to another all-time high today. Since Brexit, the S&P 500 has had 11 down days. It’s closed higher the following day 10 times.

Here are the daily changes since June.

The last 43 down days for the S&P 500, the market has closed higher the following day 31 times.

Here’s a look at the daily ranges this year, meaning the difference between the S&P 500’s high and low. Notice how much narrower it’s become all year. Brexit is an obvious exception, but that didn’t last long.

Posted by Eddy Elfenbein on August 15th, 2016 at 10:51 am

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