An Undercover Market Milestone
Stocks have hit the snooze button… For almost two weeks, the Dow Industrials have traded in a very tight range. How tight? Well, the difference between the Dow’s intraday high and low has been only 1.35% over the past 13 trading days. That’s the lowest spread since late 1986, according to Bespoke Investment Group. Of course, the 1986 market pause was one of historic proportions. The low-volatility coil led to a spectacular run-up in 1987 [...] An Undercover Market Milestone appeared in the Daily Reckoning . Subscribe to The Daily Reckoning by visiting signup for an Agora Financial newsletter .
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