After opening down more than 1.5% in the morning, the S&P 500 managed to rally intraday and finish the day more than 1% higher. While this type of volatility seems like normal now, reversals like today aren't too common. Since 1987, there have only been 26 other days where the S&P 500 was down more than 1% at one point, only to finish the day at least 1% higher, and three of them have occurred this year. The only other years where there were three or more of these type of reversals were in 1987 (3), 1990 (3), 1998 (5), and 2002 (6). Judging by those years, it would be wise to keep your seat belts fastened,
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