Excerpt from Yahoo Finance quoting DataTrek’s Jessica Rabe:
…. “The stock market has been pretty sleepy so far this year.
“The quiet start to 2019 is particularly unusual this late in the cycle,” said Jessica Rabe, co-founder of DataTrek Research.
The culprit? The Federal Reserve’s January about-face. And the notion that equities plunged in December, with the S&P 500 plunging 19.8% from Sept. 20, 2018, to Dec. 24, 2018. A decline of that magnitude sets the stage for a steep rebound. The S&P 500 is up over 14% since the start of the year.
“We gauge volatility by how many days the S&P 500 rises or falls by 1% or greater in a given quarter or year,” Rabe wrote.
From that metric, the first quarter saw only 11 one-percent days, down from the average of 13. For context, there were 64 one-percent days in 2018, compared to the average of 53 since this kind of data became available in 1958″….
Read the full article here on Yahoo Finance!