The Bad Days Have Been Really Bad in 2018’s Stock Market
- Volatility jumps the most since February as S&P sinks on Italy
- Average down day is 24% bigger than the average up day in 2018
BMO Strategist Says Selloff Is 'Emotional' and Provides an Opportunity
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None of the narratives floating around the market make any sense. Bond yields are too high, and too low. Politics don’t matter, then they do. There’s excessive inflation, or not enough.
But one message the market keeps sending: don’t get comfortable, because around the corner is pain. Stock traders have been chained to their screens in a year when the average down day is 24 percent bigger than the average up one, the biggest gap since 1948.