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Hickey and Walters (Bespoke) submit: Last week marked the first time since April 2005 that the S&P 500 was down more than 1% on three of the five trading days. We went back to 1980 and found other Monday-Friday periods where the index was down -1% on three trading days to see how the market has performed going forward.

While there are no conclusions to be made to the upside or the downside, the absolute percentage changes in the right columns below highlight that we are in store for more volatility.

click to enlarge
three 1% down days

Source: More Volatility Likely Following Last Week's Selloff