The S&P 500 fell 10.5% over two days, the fifth worst 2-day crash since 1950.
Nearly $10 trillion has been wiped out of the index since its February peak.
By econovisuals
The only other two-day declines of more than 10% were in October 1987, March 2001, November 2008, and March 2020.
By CARSON
After the previous times (1987, 2008, 2020), policymakers stepped in for support, including the Fed, Congress, and the White House.
Could this time be different ?
Yes, small sample size and a different environment (it is always different), but very strong future returns are common after previous 10% drops in 2 days.
by Ryan Detrick, CMT @RyanDetrick
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