Volatility Will Continue

The S&P 500 is currently up almost 3%. If it were to to close here, it would be the fourth plus or minus 3% move in the last seven days.

Maybe the only absolutely-iron-clad-physics-like-law in all of finance is that the best days and the worst days cluster in periods of above average volatility.

Exhibit A

Exhibit B

The volatility will continue until morale improves.