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Five figures from a freaky fortnight

Five figures from a freaky fortnight

It's been a rough two weeks

Forgive the alliteration. There's been an awful lot of hyperbole written about the markets over the past week. I thought it might be nice to take a deep breath and look at some raw figures that might help to put things into context. I don't have any real point here... take from it what you will. 

  1. The S&P 500 is down ~9% from it's all time high. It is up 383% since 2009.
  2. Before last week, the S&P 500 had gone 403 consecutive trading days without a 5% pullback. This was the longest consecutive run of this kind in history. 
  3. This week, the SMALLEST % change in the S&P 500 (up or down) was .5%. 
  4. In 2017, the S&P 500 only dropped more than 1% four times. It never dropped more than 2%. 
  5. In the past 11 trading days, it has dropped more than 1% four times. It has dropped more than 2% three times in the same period. 
  6. The market is basically where it was at Thanksgiving.

What does it all mean? I honestly have no idea. Here are my thoughts, if you must have them.

  • I know, from a long term historical viewpoint, this is a tiny little blip on the screen.
  • I know, from a short term historical viewpoint, this is some fairly intense volatility.
  • I know I'm not buying and I am not selling either. 
  • I know that I am glad that I am diversified, because the biggest drop my portfolio saw in a single day was a little over 1%. That's a lot better than 4.5% if I was all stocks.

That's all! Hope everyone is doing well during this somewhat annoying spell. What's your take?

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