Getting your player ready...
Stocks really have been volatile recently. Bulls point to a recovering economy, bears argue consumer spending is still weak, and neither side has convinced the market.
Look at the 50-day moving average of the S&P 500, for example. It shows the average value of the index over the prior 50 days. During a recent three-day stretch, the index closed below its 50-day moving average, then rebounded to close more than 1 percent above the average, then tanked again to close more than 1 percent below the average.
Going back to 1928, it’s the first time that’s happened, according to Bespoke Investment Group.
The Associated Press
