14 days since Feb 20:
S&P 600 (small caps) is down 25%
S&P 400 (midcaps) is down 24% YTD
Equal Weighted S&P 500 is down 21%
By quick check, during the worst 14 day stretch of Sep/Oct 2008, 9/20-10/9:
Smallcap -31%
Midcap -32%
Eq Wt SPX -30%
S&P 600 (small caps) is down 25%
S&P 400 (midcaps) is down 24% YTD
Equal Weighted S&P 500 is down 21%
By quick check, during the worst 14 day stretch of Sep/Oct 2008, 9/20-10/9:
Smallcap -31%
Midcap -32%
Eq Wt SPX -30%
There isn't the existential threat of banking collapse, but I remember the GFC and I can look at the numbers, and see we are approaching that level of vol and drawdowns in a finite period.
The difference with the GFC is 1) existential banking collapse 2) how long it persisted
The difference with the GFC is 1) existential banking collapse 2) how long it persisted
Don't @ me with but the S&P is just back to last August or whatever dumb shit. I have a Bloomberg, I can see. What I'm saying is for the median stock, so basically excluding mega tech, the current price action is nearly analogous to that period.
