For the year to 11 May the S&P500 index is down 4.8% and the Nasdaq composite is down almost 16%. Th...
For the year to 11 May the S&P500 index is down 4.8% and the Nasdaq composite is down almost 16%. This is a reversal of fortunes from March when the S&P had risen 4.4% and the Nasdaq by 24.1%. These unprecedented levels of volatility highlight the importance of judicious stock selection over sector or style. Volatility has been most marked in the technology sector. Volatility among technology stocks has been over 1.5 times greater this year than last. Year to date 77% of the trading days on the Nasdaq have ended with triple digit moves on an intraday basis. The levels of volatility have i...
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