This weekend marks the unofficial start of summer in the U.S., kicking off what could easily be the first real shot for many to get away since the start of COVID crisis, as restrictions in the U.S. fade and vaccinations accelerate.
“With less market participation than usual it could mean nothing happens,” Davis told MarketWatch. “But if there are not that many market-makers out there, markets are pretty fragile liquidity-wise.” Stock-market price volatility and the Cboe Volatility Index VIX, +0.12%, or Wall Street “fear gauge,” also have been below average activity in summer months since 2000, according to this chart from Darren Schuringa, chief executive of ASYMmetric ETFs ASPY, +0.24% in New York.
“I see several drivers that could lead to equity market volatility over the summertime,” Tilley told MarketWatch, pointing to a high likelihood of more surprises in coming economic data. “Labor markets don’t adjust quickly,” he said, adding that it can take months or years to retrain some workers, not weeks.
Talk about stating the bleedin’ obvious….💁♂️
Looking forward to seeing if “sell in May and go away” pans out this year.
The stock market may not stay calm. But, you should.
wow