The 1% Moves and the Volatility of the Market

Last year, S&P had 128 plus or minus 1% moves. That is among the most on annual basis in history. When that happens, typically have the same amount of big gains as big losses. And there's a lead to a very choppy, very volatile environment - which you can't trust. So it's no surprise that when that occurred, that's when bullish pattern against our other work happened.