U.S. stocks have rather shockingly been the best performers among all G-20 stocks in the past year, FT Alphaville noted yesterday.
But investors have also had to
endure a scary ride to get that
performance - scarier even than the traditionally wild and woolly emerging market of China, by one measure.
That's according to Bespoke Investment Group, which notes today that the S&P 500's rolling 50-day average daily
percentage change is 1.6%, compared with just 1% for the Shanghai Composite.
Typically Shanghai's rolling rate of change is higher than the S&P 500's, but S&P volatility has spiked above Shanghai's three times in the past few years