FYI; This one’s going to leave a mark.
It was a brutal week across the capital markets. From stocks to oil to junk bonds, the selloff took it tolls on investors everywhere. Coming just days ahead of a pivotal meeting of the Federal Reserve, it throws into fresh relief the question of just how prepared the market really is for higher interest rates.
For equities, it was the worst week since the nadir of the August selloff. The S&P 500 lost 3.79% this week, down 79 points and finishing at 2012.37. More than half of that came on Friday alone, with the index dropped 1.9%. The losses snapped a three-week winning streak for the index, which is now down six of the past eight trading sessions.
The S&P is now off 5.6% from its May, and all-time high, of 2131. It is now down 2.3% on the year, and 3.3% for December.
For the record, it is still up 197% from its 2009 low of 676.53.
Regards,
Ted
http://blogs.wsj.com/moneybeat/2015/12/11/the-final-tally-on-a-brutal-week-in-the-capital-markets/tab/print/
