Markets Are Crazy, and Crazy Doesn't Quit
The last few weeks have been all negative for the markets.
Source: etftrends.com
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The last few weeks have been all negative for the markets.
The S&P 500 declined -3.37% on Friday. After a +17% rally from the index’s low point in June, through mid-August, volatility reared its ugly head and brought the total number of outlier days (a trading day beyond +/-1.5%) in 2022 to 52, out of 164 trading days.
Last week, Canterbury’s update focused on “what we know about the markets right now.”
After putting in a low in June, markets rallied in the month of the July.
When it comes to markets, history rarely repeats itself, but it can rhyme.