Biggest Selloff of the Year

See that little spot of trouble in mid-April?

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The recent drop just surpassed that as our biggest drop of the year. Measuring from the intra-day high to intra-day low, the S&P 500 lost 3.84% between April 12 and April 18.

On May 22, the S&P 500 reached a high of 1,687.18. So to have a larger drop than the one in April, the S&P 500 had to break below 1,622.41. We hovered just above that mark earlier this week. The Monday intra-day low was 1,622.72 and on Tuesday it was 1,623.62.

Today, however, is a different story. So far, the S&P 500 has been as low as 1,612.29. This is the the biggest drop of the year.

Posted by on June 5th, 2013 at 12:23 pm


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