That’s a snapshot of the S&P500 Index over the last 5 trading days.
So here’s today’s quiz question: what does that indicate?
Answer: there are a lot of possible explanations, but what it looks like it that great uncertainty and a certain amount of irrationality is tuning down; the swings are getting smaller and smaller, good news (there’s been quite a bit) is getting factored in, and we’re finding a more or less rational price in a reasonably efficient market.
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