The S&P 500 and the Dow Jones Industrial Average indices appear to be tracing a concerning pattern of consecutive steep declines, a phenomenon last witnessed during the Great Depression.
What Happened: According to the historical data shared by analysts, both the key indices have triggered a rare sell-off signal.
Ryan Detrick, the chief market strategist of Carson Research, highlighted in an X post that if the S&P 500 closes down by 4% on Monday, it would mark the third consecutive day of a 4% or greater decline. He states that this has only happened three times in history, all during the Great Depression.
Similarly, Jason Goepfert, a consultant at White Oak Consultancy LLC, …