The S&P 500 Drops Below 1,880

The market is moving too quickly today to provide any meaningful updates, but the S&P 500 has fallen as low as 1,872.78 this morning. The Dow has lost as many as 430 points.

Here’s a minute-by-minute look at the S&P 500 for this year:

big01152016e

At one point, the VIX was higher than a barrel of oil. Many big banks are getting hit hard today. As usual, high beta stocks are taking the heat. The High Beta ETF (SPHB) reached another new low.

At one point I counted 99 stocks in the S&P 500 that were at new 52-week lows today. None was at a new high.

All the cyclical sectors — energy, materials and industrials — are down, and many are at multi-year lows.

Posted by on January 15th, 2016 at 11:47 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.