Bespoke's Coverage of the 5% Selloff to Start 2016
Another day of red, and today's drop was the worst we've seen this year. The 4.93% YTD decline already for the S&P 500 is actually the worst 4-day start to a year in the index's history since 1928. Market internals have moved deeply into oversold territory, which suggests that at least we'll get a "mean reversion" bounce sometime soon. Here is a Think B.I.G. post we did on S&P 500 sector breadth levels earlier today.
Below is a snapshot of recent global asset class performance as well.
Have a great night!
Bespoke Investment Group, LLC
105 Calvert St., Ste 100
Harrison, NY 10528
914-315-1248
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