Downside volatility reappeared yesterday as the major indexes fell around 2%. It was the second-worst day of the year for the Dow Jones industrial average and the third-worst day of the year for the S&P 500 index. More importantly, it wasn’t unusual. Daily moves of 2% have occurred in a variety of bull and bear markets throughout market history. It just feels unusual because the markets have been so relatively calm this year.
Downside Volatility Reappears
Posted on