Strictly going off the calendar it wasn’t that long ago (January 2020) that the S&P ended a streak of 70 consecutive trading sessions without a move up or down of more than 1%, but emotionally speaking it feels like at least a century ago that markets were that quiet (I can think of one or two developments in the interim…) The truth is in the volatile markets of 2022, even a +1.9% gain on the S&P (the biggest since last Tuesday!) doesn’t necessarily warrant a ton of attention, and with that today fit the bill of “one of those Mondays” where most market conversation focused on what’s to come later in the week.
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