20 August 2015 - Narrowest S&P 500 trading range since 1965

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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