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Calm Before The Seasonal Storm - VIX Has Some Catching Up To Do

The S&P 500 Index is due for many more swings like Wednesday’s in both directions, if the last 10 years history are any guide... The volatility regime shifted dramatically since Trump was elected... are we due to go back to the old regime?   As Bloomberg notes, Wednesday was the fourth day this year in which the S&P 500 rose or fell more than 1 percent. Similar moves occurred at least 38 times each year since 2009, when the bull market started. Among them were at least four

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