FYI: Wednesday and Thursday finally brought some fireworks to a very complacent market. The S&P 500 had not had a 1% move in 74 days until Wednesday’s drawdown.
Rising yields were nailed as the culprit but months of rallying eventually require some sort of shake out – whatever the catalyst. Wednesday’s sell off was the worst day for the S&P 500 since February and the worst for the NASDAQ since June 2016.
Regards,
Ted
https://www.stocktrader.com/2018/10/15/weekly-market-recap-oct-14-2018/
