Right now, you may be watching financial websites and wondering: How badly will the headwinds from Greece rattle Wall Street this month?
So far, the damage has not been disastrous. The S&P 500 lost 2.09% on June 29; in the six market days that followed, it saw everything from a 1.7% descent to a couple of advances exceeding 0.6%. This volatility suggests that while Wall Street is certainly anxious, it is eyeing the situation in Greece with at least some degree of composure. (The sell-off in Chinese stocks has also weighed heavily on global markets.)1