Nir Kaissar, Columnist

Trying to Get Rich Can Be Highly Volatile

Most of the time in markets, no pain means no gain.

September 13, 2016 at 2:27 PM UTC

Nir Kaissar is a Bloomberg Opinion columnist covering markets. He is the founder of Unison Advisors, an asset management firm.

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For 43 consecutive trading days this summer -- nearly two months -- U.S. stocks barely budged. The S&P 500’s one-day move never crept above 1 percent during that time, and the S&P 500’s average one-day move was just six basis points over that period.

That streak stopped when the S&P 500 tumbled 2.5 percent on Friday and then bounced back 1.5 percent on Monday.