The market shifted gears, scoring an increase only the sixth positive session in the last 15 trading days. The S&P500 was up With only one positive close in the past six trading days, percent, followed by the DJIAs gain of 1.25 percent and the 1.14 percent of the NASDAQ.
The last three weeks of 15 trading days drove down the indices severely. The reversal battered the NASDAQ, losing -12.26 percent since the beginning of May. The S&P500 fell -11.2 percent while the DJIA reversal was -9.84 percent. Putting the disruption, so far, in perspective, the S&P500 loss is its 83rd worst over 15 days- since 1950. The DJIA
position is number 118 whereas the NASDAQ rank is 182. (The NASDAQs further back position results from its steeps losses at the end of the Internet boom.)
Searching for insights into the future, turn to the S&P500 record: it reveals 89 instances when that index lost more than an aggregate of -11 percent in the previous 15 trading days.
The focus of this comparison is on the 49 occasions that happened since January 2000. On the following day that is a situation comparable to this Monday coming- the market continued its spurt just 12 times. The other 37 closes turned out to be negative.
DJIA 1.25 percent NASDAQ 1.14 percent
S&P500 1.50 percent