Chart of the Day - Friday, August 23rd, 2019
August 23, 2019
Today’s Chart of the Day was shared on Twitter by Michael Antonelli (@BullandBaird) The chart shows the daily percentage change for the S&P 500 index, over the past six months. The chart emphasizes how volatile the month of August has been so far. There have been nine days this month where the S&P 500 moved more than +/- 1%. This price action feels especially turbulent coming off a quiet month in July where the index only moved +/- 1% once, and it was the last day of the month. This should come as no surprise to folks who study stock market seasonality, as August has historically been one of the rockiest months of the year.