The S&P 500 fell 4.1% today for its first 4%+ drop since August 18th, 2011.  There have been 144 prior one-day drops of 4%+ for the S&P, and on average the index has gained 0.32% on the next trading day.  We’ll see how that stat holds up tomorrow!

Below is a look at the performance of various asset classes using key ETFs tracked in our Trend Analyzer tool.  For each ETF, we highlight its total return today, its total return since the 1/26 peak for the S&P 500, and its total return year-to-date so far in 2018.

Things were looking pretty good for global stock markets up until about a week ago, but as you can see, most areas of the equity asset class are now down on the year.  That’s an amazing turnaround in a very short period of time.  In fact, since 1/26, the only ETF in our Matrix that has seen a positive return is short-term Treasuries (SHY).

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