Canterbury Market Update

A Market Update From Canterbury Investment Management is now Available

Why Did the Market Go Down Today?

We have been saying for the past few weeks that the markets could experience an “outlier day.”  As a reminder, Canterbury defines an “outlier day” as a day beyond 1.5%, up or down.  As of Friday’s close, the Canterbury Volatility Index read CVI 48 on the S&P 500.  This volatility level is extremely low.  In other words, the market had been lulled to sleep.  When this occurs, there is a higher probability of one of these outlier days occurring, just like the day experienced Monday, September 20th.