The index recovered 85% of that loss over the following three days, the second-fastest retracement of a loss that big in S&P 500 history, according to data compiled by Bank of America Merrill Lynch.įurther, the last three times the benchmark has absorbed a decline of similar magnitude, it's taken no more than nine days for it to make up the vast majority of the loss, BAML data show. The dynamic was on display just last week, when the S&P 500 fell 1.8% in a single day, which marked a five-standard-deviation move.
And that's helped the equity market recover from short-term selloffs faster than ever before. Traders have been taking advantage of share weakness to "buy the dip," or expand positions by purchasing shares at a discount. Account icon An icon in the shape of a person's head and shoulders.
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