Things haven’t been this quiet on Wall Street in awhile.
Market volatility often eases in the summer as traders head out for vacation. This summer is is shaping up to be even calmer than last year’s. The S&P 500 has posted moves of 1% or more in either direction for just five trading days in June and July so far. In June and July of last year, there were 23 days with such moves.
So far this year, moves of that size have accounted for about 30% of trading days, down from about 50% for all of 2022, according to Bespoke Investment Group.