Selling Pressure Rages Unabated as VIX Ties 2018's Longest Climb
- Trade tensions, relative valuation, soft guidance all culprits
- Investors concerned if this is the “beginning of the end”
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Five straight dips without a buyer and suddenly you’re talking about serious money. Why won’t the selling let up?
Traders hoping for a midweek respite from what has become the worst five-day lurch in stocks since April were slapped awake in the first hour as the S&P 500 plumbed its biggest one-day drop in four months. Among other things, they saw momentum names swooning 3 percent, a rout in the NYSE advance-decline line and small caps slip below their 200-day moving average.