Bruising Year for Stocks Is Ending in Almost Unheard of Calm
- Barring 2017, S&P daily swings are the smallest since 1993
- S&P sees longest streak without back-to-back drops since 2005
Monitors display stock market information in the Times Square area of New York.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
An investor probably would’ve panicked if you told her at the start of 2019 that the trade war wouldn’t go away. Or that earnings would fall flat and that a bid to kick out the president would erupt.
Fast forward 11 months and nobody seems to care. Volatility in the equity market is flirting with a two-year low, with November rivaling the quietest months in three decades. Stocks are booming a month before Christmas, and not even next year’s presidential race is troubling investors.