The S&P 500’s Meltdown Into a Correction Only Took 16 Days
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US stocks tumbled into a correction yesterday, with the S&P 500 capping a 10% plunge from a peak in mid-February. It’s another milestone in what’s been a grim year for American investors. Here’s a roundup of the latest Bloomberg analysis on the selloff:
Credit markets are now beginning to confirm the growth angst that’s fueled a more than $5 trillion equity wipeout since late February.