By Ben Carlson, CFA
A Wealth of Common Sense
This year has three of the worst 25 losses and two of the 25 biggest gains for the S&P 500® Index since 1928.
And, the number of large daily moves is massive. June 11’s 5.9% loss was the 10th move of plus or minus 5% or more this year already. One-third of all daily moves in the stock market have been 2% or more this year. There have been 26 daily moves of 3% or more. In the previous seven years, there were just eight moves of 3% or more in total.