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Stocks are calm and volume has dried up — is this the ‘calm before the storm’?

Simon Maierhofer
Stocks are calm and volume has dried up — is this the ‘calm before the storm’?

For the entire month of April, the S&P 500 Index (SPX) did not rise or fall more than 1% on any given day. Also intriguing, since March 26, the S&P 500 gapped higher at the open 15 of 17 days. The CBOE Volatility Index (VIX) also has been drifting lower.