Cedar Grove Capital Management

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A Most Volatile Year

www.cedargrovecm.com
Chart of the Week

A Most Volatile Year

This level of volatility is the highest it's been in at least 10 years

Paul Cerro
Dec 30, 2022
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A Most Volatile Year

www.cedargrovecm.com

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

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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.
Cedar Grove Capital may change its views about or its investment positions in any of the securities mentioned in this document at any time, for any reason or no reason. Cedar Grove Capital may buy, sell, or otherwise change the form or substance of any of its investments. Cedar Grove Capital disclaims any obligation to notify the market of any such changes.
The enclosed material is confidential and not to be reproduced or redistributed in whole or in part without the prior written consent of Cedar Grove Capital. The information in this material is only current as of the date indicated and may be superseded by subsequent market events or for other reasons. Statements concerning financial market trends are based on current market conditions, which will fluctuate. Any statements of opinion constitute only current opinions of Cedar Grove Capital which are subject to change and which Cedar Grove Capital does not undertake to update. Due to, among other things, the volatile nature of the markets, and an investment in the fund/partnership may only be suitable for certain investors. Parties should independently investigate any investment strategy or manager, and should consult with qualified investment, legal and tax professionals before making any investment.
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A Most Volatile Year

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The Thinking Investor
Writes The Thinking Investor
Dec 31, 2022

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?

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