Narrowest S&P 500 trading range since 1965
The U.S. equity market remains stalled. The 6-month period ending July 31st ranked as that with the second-narrowest S&P 500 trading range of the past 60 years. Only the 6 months ending Mar 31st, 1965 had a narrower range. Although such low volatility is not predictive of future returns, it is certainly not likely to last. August's recent volatility may be the beginning of a return to more normal conditions...
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