As premium sellers, we would like to see two sided markets as these provide us with the most opportunities. However, the S&P has gained 15% since the presidential election. It seems that the market has only drifted up with no corrections.
So today, Tom and Tony are going to put some context around this observation. They look at the number of 5% and 10% corrections in the market since 1994. You will see whether the recent market action is normal in historical perspective or not.