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S&P 500 at Smallest Price Range in 20 Years
A deer in headlights is stuck in place and too overwhelmed to act. So too are stock investors as they await action from the Federal Reserve. The attached chart shows that the Standard & Poor’s 500 Index this year is trading in the smallest range since at least 1995, with the 2015 low only 6.5 percent below its year-to-date high. The same is true for individual companies in the benchmark gauge. Stocks in the S&P 500 have moved in an average range of 18 percent from highs to lows, also the narrowest in two decades. The S&P 500 has climbed just 1 percent in 2015 after double-digit surges in each of the last three ... (full story)