Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
Some stats on this selloff – it has taken the S&P 500 all the way back to levels last seen on 1/18. NASDAQ 1/19, and the Russell 2000 is back to 1/9 levels – almost as if the year never happened. Keep in mind we were not at, but a shade below the 4/2 highs on 5/1. So this all has happened in about three weeks. -8.5% on the S&P 500 since May 1. A powerful move.
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