Sell-Offs Are Normal, But This Week Is Shocking the Pros
- Another plunge leaves S&P 500 poised for worst month since ’09
- Investment veterans are asking if it hasn’t gone on too long
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Wall Street veterans are used to waiting out turbulence, but the frenzy engulfing equities right now is starting to strain their patience.
Bad days are coming in waves. Of the five worst sessions since 2015, two have come in the last two weeks, with the S&P 500 and Dow Jones Industrial Average erasing gains for the year on Wednesday. While futures are pointing to a potential reprieve, stocks have dropped in 13 of 15 days, matching a streak seen only once since 2000.