Chart Talk {11.29.17}

We've recently discussed the lack of volatility in the markets this year.  This chart does a pretty good job of showing its hiatus in 2017.   We've roughly seen a 3% pullback in the S&P 500 earlier this year.  You have to go back to last summer's worries over "Brexit" to find a little over a 5% decline.  Prior to that, the worst showing was late in 2015 through early 2016.  That decline was a bit over 13%.  Declines over 10% have been rare over the last 6 years.  Some day that will end but probability and market seasonal factors  suggest that right now that will not be anytime soon.

We own ETFs related to the S&P 500 in client and personal accounts. Short S&P 500 in a personal account as part of a separate individual strategy. Positions can change at any time without notice on this blog or via any other form of electronic communication.

Link:  Disciplinedinvesting.blogspot.com, "Answering Market Questions Over Thanksgiving" via Abnormalreturns.com: /2017/11/26

Back Friday.