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Intraday Volatility

December 08, 2011

This week’s chart depicts the intraday percentage change of the S&P 500 index over the trailing ten years. Several outlying events have been highlighted, however, we will focus on 2011. In the first six months of 2011 (125 trading days), the average intraday percentage change was 1.05%. From July 1, 2011, through December 5, 2011 (109 trading days), the average intraday percentage change was 2.33%. If you were to translate the intraday percentage change into points, the S&P 500 index has traveled 4,717 points to net a year to date return of 1.91%. Given the recent market volatility, it is important to not overreact to short-term market volatility and have your asset allocation guide your decision making process.

The opinions expressed herein are those of Marquette Associates, Inc. (“Marquette”), and are subject to change without notice. This material is not financial advice or an offer to purchase or sell any product. Marquette reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs.

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