Recent action in the stock market has been a bit nostalgic for investors. Not that it's good nostalgia. Back in 2008 and early 2009, a 1% day was a regular occurrence. Heck, 3% days were a regular occurrence. But once things stabilized after the March lows, volatility returned to earth, and a 1% day in either direction became much less common. Over the last 15 trading days, however, 9 of them have seen the S&P 500 move at least +/-1%. As shown in the chart below, this is the highest level since last June.
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