First Day of the Year Typically More Volatile

The 1.55% gain opening day marked the 29th time that the year’s opening day changed at least a 1% (17 up at least 1%, 20.2%, and 12 down at least 1%, 14.3%) in the last 84 years (since 1929, including today), a 34.5% rate.  The high 34.5% rate compares to the 23.9% historical rate of 1% moves (12.1% up and 11.8% down)

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