“If you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks.”
– Jack Bogle
After rallying 11 times in 13 days, the S&P 500 has now pulled back for three days in a row. Despite Wall Street’s give and take, the truly interesting aspects of this market have been the low volatility and very low trading volume. Consider this: Thursday was the market’s worst day in four weeks, and even that was a measly 0.74% loss. It’s been more than two months since the S&P 500 dropped more than 1% in a single day. Overall, this has been a very placid spring.
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