Large intra-year pull backs are also normal. Since 1980, the S&P 500 has had intra-year declines of almost 14% while still posting a yearly gain 75% of the time.
Higher volatility is here to stay as investors grapple with what higher interest rates and inflation mean for their portfolios.
Investors should look for share trading on large negative standard deviations for opportunities. Below are shares investors can look to add to their portfolios. Aspen, Imperial, Tiger Brands, Coronation and Quilter look attractive at these levels.