I’d like to call this environment unusual – after all, there’s always volatility. But according to DataTrek, the S&P has become noticeably more volatile in recent years. Historical baselines have nearly doubled due to unprecedented macroeconomic shocks, intense concentration in Big Tech in the indices, and the rapid rise of algorithmic trading.

(Bloomberg) -- The S&P 500 is set to break a historic weekly run of gains as the artificial-intelligence trade takes another leg lower, with investors also expecting payrolls data…

I’d like to call this environment unusual – after all, there’s always volatility. But according to DataTrek, the S&P has become noticeably more volatile in recent years.…