On Volatility & Opportunity, part II

While we’ve been calling for increased market volatility for two years, that doesn’t make it feel any better when it happens. The violent volatility of December has been a jarring affair. If you took the monthly returns for the S&P 500 over the last 50 years – 600 months – and ranked them from worst to best, December 2018 would be number 16 on the list. Had the month ended on Christmas Eve at the market’s low, it would have ranked number four on the list. Read more here...