Tuesday made it five consecutive down days for the S&P 500. That brutal performance included four consecutive days (June 8 through June 13) that it fell by 1% or more. We haven't seen the S&P 500 drop for five consecutive days since January (Jan. 1 through Jan. 10), but during that span the index fell just 2.6%. The S&P 500 started the quarter with eight consecutive down days (Oct. 1 through Oct. 10), which was good for a 22.9% drop. This is not "back up the truck" time, in my view, but rather "build out the watch list" time.

Source: Washington Post June 15, 2022 15:27 UTC