In case you haven't noticed, the markets have gotten much choppier lately, with a lot more volatility than we saw in the first few months of this year. Out of the first seven trading days in June, through yesterday, the Dow Jones Industrial Average had moved up or down 100 points up or down at some point during the day on six of those days.
How unusual is that? Through the first 60 trading days of the year, the Dow had seen just 21 days with swings that big, or just about a third of the time. Clearly, something has been happening in June.
Does this portend more volatility in the long run? It might. The VIX index, which is designed to predict the market's volatility, has been inching upwards lately - but it's still not very high, at 16.79. The VIX has been below its long-term average of 20 for this entire year.
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