I posted this chart right after the end of Q2 this year but wanted to revisit it right as 2022 came to a close to see just how much of a bang this year ended with.
The S&P 500 in 2022 has seen the highest percentage of trading days with an intraday price move of +/-1% in the last decade - 76% of all trading days
2022 has produced 191 days of this volatility which surpasses all years within the last decade
Additionally, the average intraday percent high stands at +0.81% which is the second-highest average move only behind 2020 with an average of +0.87%
The average intraday percent low currently stands at (1.00%) which is the highest average daily decrease in the last decade, ahead of 2020 at (0.82%)
With so much uncertainty of continued inflation, rising rates, recessionary concerns, and panic selling, it seems inevitable that this level of volatility will continue into 2023
Until next time,
Paul Cerro | Cedar Grove Capital Management
Personal Twitter: @paulcerro
Fund Twitter: @cedargrovecm
Disclaimer: All information provided herein by Cedar Grove Capital Management, LLC (“Cedar Grove Capital”) is for informational purposes only and does not constitute investment advice or an offer or solicitation to buy or sell an interest in a private fund or any other security. An offer or solicitation of an investment in a private fund will only be made to accredited investors pursuant to a private placement memorandum and associated documents.
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Interesting info. How are you planning on taking advantage of this volatility in future years? Use it to pick up more great stocks at great prices?