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S&P 500 Tumbles in Worst-Ever Start Through 16 Days

  • S&P 500 heads into correction territory after only 16 sessions
  • Expectations of tigher Fed policy weigh on U.S. equities
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KKR's McVey: Market Selling Off in Anticipation of Fed

The stock market has never been down this much 16 trading days into a year. 

The S&P 500 has dropped 11% -- heading toward what would count as a correction -- so far this year. That’s the most on record at this juncture, according to Bloomberg data that goes back over nine decades, though drawdowns have been faster in prior years before quick rebounds, most notably in 2009.