Here is yet another indicator highlighting the absolute lack of volatility in the stock market. The below chart measures the cumulative number of stock price moves of 5% or more over the last 65 days for all stocks in the MSCI World Index. The indicator doesn't differentiate between 5% up moves or 5% down moves as it is intended to be a neutral measure of aggregate volatility.
Let's put the current reading of 825 into perspective. Since the indicator sums up all the 5% stock price changes over a rolling 65 day period, this translates to about 13 stocks per day experiencing price changes to 5% or more. There are about 1610 stocks in the MSCI World Index, so this means that on average less than 1% of stocks had a price change of 5% or more on any given day over the last 65 days.