Volatility Is Back

Chart of the Week: Volatility Is Back

With omicron emerging, volatility has returned to the market. In the week following Thanksgiving, we had five consecutive trading days when the S&P 500 index rose or fell by 1% or more—the first time that has happened all year. While three of the five days were to the downside, keep things in perspective: The index is only 2.7% below the high it hit on Nov. 18.

Volatility Is Back
Note: Chart tracks consecutive days of an absolute change (positive or negative) of more than 1% from the prior day’s closing value for the S&P 500 index from 12/30/2020 through 12/2/21. Sources: S&P Dow Jones Indices, Adviser Investments.

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Chart of the WeekJeff DeMasostocks