Life might feel more certain this summer, but betting on a calm stock market still could go wrong

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Let your shoulders relax. Breath. Take a minute.

This weekend marks the unofficial start of summer in the U.S., kicking off what could easily be the first real shot for many to get away since the start of COVID crisis, as domestic restrictions fade and vaccinations accelerate.

But the period after Memorial Day also could see exacerbated swings in stocks and other financial assets for a few months, as market participation thins out, as more people take time off and if other percolating factors come to a tipping point.

“A lot of people probably will be going on more European summers,” said Nancy Davis, founder of Quadratic Capital Management about Wall Street participants, particularly with “more folks mandating people come back to the office in the fall.”

JPMorgan Chase & Co.
JPM,
-0.07%
,
Goldman Sachs Group Inc.
GS,
+0.51%
,
Bank of America Corp.
BAC,
-0.38%

and other…

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