What Happened In the Market Last Week Ending September 4, 2020 Was Weird:
On Friday, the S&P 500 closed at 3427 registering a loss of 4.3% in two days, for a weekly decline of 2.3%. Pullbacks happen all the time. It’s part of the market. As a rule, pullbacks (-5%) are relatively frequent. On average, they occur about four to five times a year, but infrequently turn into corrections (-10%) and rarely into crashes (-20%). It appears that the Thursday-Friday pullback was a flash trade.
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By Hubert Marleau
By Hubert Marleau
