In Prevalence of Selling, This Is a Market Rout Without Equal
- Sweeping losses hit S&P 500 at a frequency never seen before
- Nowhere to hide with major assets suffering concerted declines
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You can look but you won’t find a stretch of futility as pervasive as the one that is landing on Wall Street.
Even in the long and storied history of market meltdowns, the breadth of losses is without equal, based on data that goes back to the Great Depression. In five of the seven sessions through Thursday, at least nine in 10 S&P 500 stocks dropped, a record run of widespread losses, according to Sundial Capital Research.