Historical Year Data · 2016
CVRP, Convex Recession Probability in 2016
CVRP, Convex Recession Probability opened 2016 at 29.00 and closed at 12.00, a -58.62% move for the year. The high of 33.00 was reached on January 16, and the low of 6.00 on November 23.
Open
29.00
2016-01
Close
12.00
363 data points
High
33.00
Jan 16
Low
6.00
Nov 23
Full Year Change
-58.62%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 29.00 | 32.00 | 33.00 | 29.00 | +10.34% |
| Feb | 30.00 | 25.00 | 30.00 | 25.00 | -16.67% |
| Mar | 24.00 | 21.00 | 24.00 | 19.00 | -12.50% |
| Apr | 22.00 | 16.00 | 22.00 | 15.00 | -27.27% |
| May | 16.00 | 20.00 | 22.00 | 15.00 | +25.00% |
| Jun | 20.00 | 17.00 | 20.00 | 16.00 | -15.00% |
| Jul | 17.00 | 13.00 | 17.00 | 11.00 | -23.53% |
| Aug | 14.00 | 13.00 | 14.00 | 11.00 | -7.14% |
| Sep | 15.00 | 13.00 | 15.00 | 13.00 | -13.33% |
| Oct | 13.00 | 14.00 | 14.00 | 12.00 | +7.69% |
| Nov | 10.00 | 7.00 | 11.00 | 6.00 | -30.00% |
| Dec | 7.00 | 12.00 | 12.00 | 6.00 | +71.43% |
Events During 2016
2016 Brexit Vote
Goldilocks
June 23–24, 2016
The UK voted to leave the European Union on June 23, 2016. The pound fell 10% overnight, its largest single-day drop since floating in 1971.
2014-2016 Oil Price Collapse
Deflation
June 2014 – February 2016
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
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