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The last couple of weeks, we’ve discussed the stealth sell-off in the small caps and cyclical stocks. Last week, the selling broadened out, and the S&P 500 dropped 2.4%.
The market’s volatility has only continued and resulted in some wild, intraday price swings. Overall, the S&P 500 was down 4.9% from its all-time high on November 22 at yesterday’s low.
