Low Volatility – Will it Continue?

Getting towards the half way point of the year and thus far 2017 has been one of the least volatile in terms of intra-year drawdowns. ┬áThe chart below was created by Charlie Bilello as part of his summary on the topic. Charlie notes that the median drawdown since 1928 is 13%. ┬áThat’s not to say we will see something on that order this year but the chart does put the current market into perspective.