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Is This The New "Normal" For Markets

We realize it's early to make any statements about the stock market returning to "normal," but today's action begs the question of whether some of the volatility has been shaken out.


Wells Capital Management's Chief Investment Strategist James Paulsen sent us the chart above. While November is still young, and the trading day is not over, he points out that the first trading day of November, for now, represents the "lowest" daily volatility in the S&P 500 index since Sept. 3. As of mid afternoon, the volatility was only 1.35 percent, defined by the percentage change between the day's high and low.

Check out the Chicago Board of Options Excgange's VIX. It was down more than 8 percent today, at 55.17, way off its Oct. 24 high of 89.53.

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Personally, it feels like today's calm will be fleeting. But November also feels way different than spooky October.

Questions? Comments? marketinsider@cnbc.com

  • Patti Domm

    Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

  • CNBC Senior Commodities Correspondent and Personal Finance Correspondent

  • JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC

  • Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.

  • Senior Producer at CNBC's Breaking News Desk.