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The days that moved the US market in 2023
In 2023, S&P 500 has bounced back from the difficult environment in 2022 that saw a decline of more than 19%. Year to date, the index has been closing with 132 positive days and 113 negative. Last year we saw 122 trading days with swings beyond 1%, and 2023 is looking to end around half of that number (20th of December the count was 63) which is more in line with the 10-year average of 59. Key drivers for the large swing days have been mega cap tech stocks performance, banking turbulence, and the Fed's inflation battle. These factors shaped the trajectory of market returns, where the top 10 performing days ... (full story)