VAST VOLATILITY
04/23/2025 |
If you think market volatility has been unusually high this month, you’re spot on. Through 4-22-25, the average (in absolute value terms) daily return of the S&P 500 has been 2.44%. This is a 3.3 standard deviation event. In the last 100 years there have been only 24 months where swings were this large. They were during the Great Depression, around Black Monday of 10/87, the GFC, and Covid.