The Big Picture: Market Volatility
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Insights and Market Perspectives

The Big Picture: Market Volatility

Author: The editor's desk

January 11, 2019

 

Source: AGF, Bloomberg, Strategas as of January 8, 2019

Chart shows the percentage of days in which the S&P 500 Index had a daily gain/loss of greater than 1%

Yes, it was a wild ride in 2018. And this year has started with a bang, too. The S&P 500 has already been marked by percentage moves of greater than 1% in the first five days of trading in January. Meanwhile, in three of the first five days this month, the key U.S. stock index experienced a more than 2% move in either direction.

To put this in perspective, since 1982, 50.4% represents the average number of days with moves greater than 1%. But the current volatility pales in comparison with the worst of times since ‘82. In both 2002 and 2008 (the year of the financial crisis), the S&P 500 closed up or down by 1%, in 90% of trading days.

Commentaries contained herein are provided as a general source of information based on information available as of January 9, 2018 and should not be considered as personal investment advice or an offer or solicitation to buy and/or sell securities. Every effort has been made to ensure accuracy in these commentaries at the time of publication; however, accuracy cannot be guaranteed. Market conditions may change and the manager accepts no responsibility for individual investment decisions arising from the use of or reliance on the information contained herein. Investors are expected to obtain professional investment advice.
AGF Investments is a group of wholly owned subsidiaries of AGF Management Limited, a Canadian reporting issuer. The subsidiaries included in AGF Investments are AGF Investments Inc. (AGFI), Highstreet Asset Management Inc. (Highstreet), AGF Investments America Inc. (AGFA), AGF Asset Management (Asia) Limited (AGF AM Asia) and AGF International Advisors Company Limited (AGFIA). AGFA is a registered advisor in the U.S. AGFI and Highstreet are registered as portfolio managers across Canadian securities commissions. AGFIA is regulated by the Central Bank of Ireland and registered with the Australian Securities & Investments Commission. AGF AM Asia is registered as a portfolio manager in Singapore. The subsidiaries that form AGF Investments manage a variety of mandates comprised of equity, fixed income and balanced assets.

About AGF Management Limited

Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. AGF brings a disciplined approach to delivering excellence in investment management through its fundamental, quantitative, alternative and high-net-worth businesses focused on providing an exceptional client experience. AGF’s suite of investment solutions extends globally to a wide range of clients, from financial advisors and individual investors to institutional investors including pension plans, corporate plans, sovereign wealth funds and endowments and foundations.

For further information, please visit AGF.com.

© 2018 AGF Management Limited. All rights reserved.

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