Observations and Perspectives: Trendless Volatility

Commentary

The year 2017 went down in the record books as the calmest stock market in history. The worst decline from high to low (“drawdown”) was a scant 2.6% and the S&P 500 recorded just 8 swings of more than one percent, just about one every six weeks, all the while consistently moving to the upside.

Terri Spath, Chief Investment Officer 6/2/2018

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