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
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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 The information in this material is only current as of the date indicated and may be superseded by subsequent market events or for other reasons.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.
