...but a slight dip can turn into a rout in a hurry
S&P 500 futures are down 1 point ahead of the open after a 17 point drop on Monday. Tech is leading the way lower once again with the Nasdaq down 0.5%.
It's easy to imagine this getting worse in a hurry. On the other hand, Bespoke Investment Group writes that:
Since 1952, when the S&P 500 was down more than 8% with two trading days left in a month, the benchmark bounced higher 80 percent of the time in those final two days, with an average gain of 2.75%.
