Do you remember 2017?
The memes going around those days were about how many days it had been since the S&P500 fell by over 1%.
Volatility was non-existent.
And this was hilarious to me, of course, living in California at the time and people freaking out about the Trump victory at the end of 2016.
With sentiment down in the dumps entering 2017, that sparked one of the greatest return / least volatile years on record.
In fact, 2017 had only 8 trading days on which the S&P500 was +/- 1%.
Every month so far this year has had at least that many: [Read more…]