If you blinked twice, you likely missed this week’s market plunge. (I’m guessing you didn’t…)
In fact, as researchers at Deutsche Bank illustrate in the chart below, it’s been the fastest correction for the benchmark S&P 500 index on record.
The time taken for all of the major indexes to give up more than 10% of their value has been just six days. A little over a week ago, on February 19, all three major indexes were hitting record highs.
What a difference a week makes!