Sell the Rally is the New Stocks Mantra
- S&P 500 poised to close below day’s midpoint for 10th session
- That would be longest stretch on record as rallies fade
Jim Paulsen Says This Is Still a Very Vulnerable Marketplace
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Equity bears have ripped the upper hand away from bulls as the S&P 500 Index tumbles toward its worst week since the February swoon, at least going by one measure.
Down 1.3 percent to 2,609 at 3:19 p.m. in New York, the S&P 500 was on course to finish below the midpoint of its intraday range for a 10th straight session. That would be an unprecedented streak of weakness, according to Bloomberg data that goes back to 1982.