This is the part that really starts to scare me. We keep seeing record or near record swings, and it's starting to look like we'll get at least one per week.

Bad downturns happen, and there is plenty of reason to expect that we can recover from them, yet I can't help but feel that these sorts of wild oscillations show some sort of deeper trouble in the system itself.

Keep in mind that it's a record point gain, not a percentage gain. We're constantly breaking those records because of inflation, and it's nothing to be particularly concerned about.

If you keep hearing about record-breaking percentage swings, well, that's a little more worrying.