Has the Market Been as Choppy this Year as it Feels?
May 19, 2022 | ECONOMICS & INVESTING
It has been feeling all year as if the market is on a teeter totter. One day euphoria, the next day fear. I analyzed daily S&P 500® Index returns to see if there had been more pairs of big up and down index moves in 2022 than usual. It turns out that we are on track for a very anomalous year of choppy markets.
Source: AIM internal analysis of Bloomberg price data. Analyzed and aggregated daily returns of the S&P 500 Index from 1/3/1928 to 5/17/2022.
More than half of days in 2022 have had S&P 500 returns greater than or equal to 1%, or less than or equal to -1%. We are currently running above the 90th percentile rate for all years since 1928 and are on track for the 6th highest rate ever.
Source: AIM internal analysis of Bloomberg price data. Analyzed and aggregated daily returns of the S&P 500 Index from 1/3/1928 to 5/17/2022.
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