by Tom Bradley

Back in October, Scott posted a blog on the lack of volatility in the stock market.

Below is a chart that Connor, Clark & Lunn Investment Management, the manager of our Income Fund, came up with. It shows just how unusual this period has been. The market (as measured by the MSCI ACWI, or world index) has had a move of 1% or more on only 3 days so far this year. And no days where the market’s rise or fall was over 2%.

As you see from the history, this is remarkable and to echo Scott’s comments, shouldn’t be expected to continue.