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4min chapter
Learning From Market Tremors | Hari Krishnan
Forward Guidance
Is Volatility Low?
There has been no down 6% days in the S&P 500. The update last week was bigger than any of the down days as far as I can recall. If a market goes down in a very stable, trend-worthy manner, people can rebalance and trade around the edges. But for some reason, this year hasn't. So it's caused a great deal of pain, but it's been more like a dull toothache than a sudden shock to the system.
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