This morning the S&P 500 did something for the first time in 64 trading days dating back to December 14, 2016. It was the first time there was an intraday move of +/- 1% on the index. This morning the S&P 500 at one point was down more than 1%. Whether it will close down that much remains to be seen, but that is the end of a pretty impressive streak for the index. A lot of people may not believe that statistic, given everything that flies around the media headlines, but volatility for the last 64 days has been pretty low.
Here’s what I’ve been reading this morning: