The Market Is Up, But So Is Volatility
November 27, 2020 at 08:00 AM EST
By Fei Mei Chan , Index Investment Strategy, S&P Dow Jones Indices So far, 2020 has brought us a global pandemic, a coordinated global economic shutdown, and, in the U.S., a notably contentious election. So it’s no surprise that volatility has been, and remains, elevated. Despite all this, equities have fared reasonably (some would say surprisingly) well, with the S&P 500® climbing 13% through Nov. 19 since the end of 2019. The elevated volatility can be seen across all sectors of the S&P 500 relative to the beginning of the year, despite having declined a bit in the past three months. The highest volatility sectors continue to be Energy and Financials.