The S&P 500 (SPY -1.6%) is now lower by 6.8% from last month's record high, says the WSJ's Steven Russolillo, making this current pullback the market's worst in two-and-a-half years.
Checking in before today's sharp decline, Bespoke noted 63% of stocks in the index were considered to be in oversold territory, with just 10% overbought. It's surely a wider gulf now.
A bounce is in order. Timing unclear.
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