Yahoo Finance: “Stocks rise amid positive trade reports”By admin_45 in IN THE NEWS
Excerpt from Yahoo Finance quoting DataTrek's Jessica Rabe:
.... "Stocks, which posted their best three-month start to the year in more than two decades, have seen uncharacteristically low levels of volatility for this stage in the cycle, according to a Datatrek analysis that characterized volatility as sessions of at least 1% gains or losses in the S&P 500.
The large-cap index posted just 11 sessions of rising or falling at least 1% in the first quarter, noted Datatrek co-founder Jessica Rabe. This compares to a first-quarter average of 13 such sessions. Last year, the S&P 500 rose or fell at least 1% in 64 sessions, marking the most volatile year since 2015.
Two of the key reasons for low volatility in the first quarter of 2019 were the Federal Reserve’s reversal to pause on raising key interest rates, and a “snapback in equity buying after a deeply sold” fourth-quarter, Rabe wrote.
“We would not be surprised if volatility remains contained this quarter even though the S&P had an up 1% day on the first trading session of Q2,” she said"....
Read the full article here on Yahoo Finance!