The stocks that make up the market’s trading floor are in an unusually tight range.
The S&P 500 is at its most generous since early December, and the Dow Jones Industrial Average is at a record low.
The S&s average is about 3.8 percent below its level in November, which was the highest level since the market was chartered in 1999.
The Nasdaq is down 4.2 percent from a year ago.
The latest figures from the CBOE Volatility Index show the volatility index has climbed from the highs it reached in mid-November to levels near its lowest level since August 2014.
This is a dramatic increase in volatility, but it’s still below what it would be in a normal year, said John Weisbrot, a professor of financial economics at the University of Michigan and author of the book “Investor’s Handbook.”
The CBOE is an index that tracks the risk of a stock or a financial instrument’s price.
It doesn’t include a company’s performance, like earnings or sales.
But the index tracks a broad swath of market activity, including companies that offer financial services and commodities, as well as companies that provide financial services or commodities to consumers.
The Dow has risen 4.5 percent in the past year.
The CBOE’s volatility index, however, has declined from its record high.
Weisbrod said it’s hard to say what’s behind this volatility.
One possibility is that investors are just looking for a safe, solid way to trade stocks at lower volatility.
Or it could be that investors aren’t really buying the stocks that are being traded.
Or maybe there are other factors, such as the fact that stocks are trading at lower valuations than they used to.
Whatever the reason, volatility has increased dramatically since late November.
And it’s not just investors who are being concerned.
Many consumers are also paying attention to this volatility as the stock market is trading at record highs, Weisbrody said.
Weisbrood said investors are paying attention because of the uncertainty over whether President Donald Trump’s agenda will make a real dent in the economy and job growth.
Weisbrook said the stock price movement isn’t just a temporary phenomenon.
In the last six months, stock prices have increased at a rate of roughly 1 percent per day.
And investors aren of course looking for lower volatility as well.
While we do have the Federal Reserve, which is also raising interest rates, Weismanbrot said there’s still a lot of uncertainty.
That uncertainty is keeping prices artificially high and pushing stocks down.