Of course, The Russell 2000 (-27%), Nasdaq (-22%), and Transports (-25%) are already deep in bear market territory.
Expect more tweets from the administration once the S&P officially drops 20%, and more speculation that Powell’s tenure is about to end.
The SPDR S&P 500 ETF Trust (SPY) was trading at $235.55 per share on Monday afternoon, down $5.15 (-2.14%). Year-to-date, SPY has declined -11.38%.
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