Average Is Rare

The historical annual return of the S&P 500 index back to 1957 is 9.62%. Interestingly, the market almost never returns the average. In 1958, the market returned 43%, while in 2008, it dropped 37%. To try to visualize how rarely the index returns just its average, this chart shows one year moving averages in blue. You can see drastic variance …

1.7 Million of Apple’s $10k Watch – Gone

Apple has a habit of generating a lot of buzz around their product launches. During their most recent event, the markets responded in a very timely fashion. In the annotated graph, you can see how Apple traded in response to real time announcements. Cheaper Apple TV? Good. New Macbooks? Awesome. Apple watch? Sell off. From the intraday high to the …