Even before the last six trading days, which have all seen the Dow move up or down 100+ points, there has been lots of talk about the pick-up in market volatility. But just how volatile has the market been? Not very.
Below is a look at the average daily +/- percentage change for the S&P 500 over the last 50 days. As of yesterday, the S&P had averaged a +/- change of 0.69% over the last 50 trading days. As shown in the chart, this is barely a blip when compared to other periods over the last decade. Back in early 2009, the S&P 500 was actually averaging a daily move of more than 4%! Now that's volatility.