FYI: Wednesday the S&P 500 fell 3.29%.
It was the worst single-day loss since early February when stocks fell 3.75%.
Looking back at the daily returns on the S&P 500 since the fall of 1928 shows stocks have seen 325 days with losses of 3% or worse. That means it happens roughly three-and-a-half times a year on average. It’s rare but not completely out of the ordinary.
Averages can lie to you though when simply looking at the big picture. Things are rarely evenly distributed in the path of stock market returns.
Regards,
Ted
https://awealthofcommonsense.com/2018/10/big-down-days/
