Last year's exaggerated market swings haven't entirely subsided in 2023, despite the S&P 500's gains

U.S. stocks went on a bumpy ride in 2022. But although the market has risen remarkably since New Year’s Day, it hasn’t always been smooth sailing.

Only... U.S. stocks went on a bumpy ride in 2022. But although the market has risen remarkably since New Year’s Day, it hasn’t always been smooth sailing. By comparison, the S&P 500 recorded 122 swings of 1% or greater in 2022, the most for a single year since 2008, per DJMD. This period of relative calm should endure for most of the summer until things pick up again in the fall, the Bespoke team said.

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