“Why Did the Market Go Down Today”?
September 20, 2021 at 18:23 PM EDT
Outlier Day in the Market We have been saying for the past few weeks that the markets could experience an “outlier day.” As a reminder, Canterbury defines an “outlier day” as a day beyond 1.5%, up or down. As of Friday’s close, the Canterbury Volatility Index read CVI 48 on the S&P 500. This...