If you’ve been following (or investing in) the stock market in 2016 it’s easy to feel like you’ve been put through the ringer.
Stocks have collapsed, recovered, and then seemingly been all over the place.
And according to Bespoke Investment Group, the start to 2016 has been the third-most chaotic start to a year in the history of the S&P 500.
“Over the course of 2016’s 39 trading days, there have now been 23 days where the S&P 500 has had a daily gain/loss in excess of 1%,” said a note from Bespoke on Monday. “This is extremely high by historical standards, and there have only been seven other years in the history of the S&P where the index saw more than 20 one-day moves of at least 1% in the first two months of the year.”
In fact, said the note, there have been only 2 wilder years: 1932 and 2009.
Bespoke warned, however, from reading too much into the craziness.
“Obviously, the rest of those two years had vastly different outcomes (1932: -17%, 2009: +52%), so to try and read anything into how the market played out then to how it will play now is a worthless endeavour,” said the note.