Cedar Grove Capital Management

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Intraday Volatility Hitting Decades High

www.cedargrovecm.com
Chart of the Week

Intraday Volatility Hitting Decades High

Daily price moves in the S&P 500 have surpassed all previous years in the last decade YTD

Paul Cerro
Jul 1, 2022
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Intraday Volatility Hitting Decades High

www.cedargrovecm.com
  • The S&P 500 YTD has seen the highest percentage of trading days with an intraday price move of +/-1% in the last decade - 81% of all trading days

  • So far, 2022 has produced 101 days of this volatility which ties with 2018, almost beats 2015, and seems to be on track to break 2020’s number by years end

  • Additionally, the average YTD intraday percent high stands at +0.8% which is the second-highest average move only behind 2020 with an average of +0.87%

  • The average YTD intraday percent low currently stands at (1.15%) 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


Until next time,

Paul Cerro | Cedar Grove Capital

Personal Twitter: @paulcerro
Fund Twitter: @cedargrovecm

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Disclosure: 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 The information in this material is only current as of the date indicated and may be superseded by subsequent market events or for other reasons.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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Intraday Volatility Hitting Decades High

www.cedargrovecm.com
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