Lack of Downside Creates Downbeat Market

The most notable characteristic of the market lately has been lack of volatility and emotion. Nothing seems to have much impact on the price action. We have had a few brief sparks of action on comments by the president and the Fed decision, but then we quickly revert to very slow and tight trading ranges.

The last time the S&P 500 declined more than 1% was 109 trading days ago on Oct. 11, 2016. I'm not sure that is a record, but it's likely very close. When the market finally does have a greater than 1% correction, it is going to cause some surprises because many have forgotten what that feels like....155 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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