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Key Systematic Strats Shed $92 Billion Of Stock Exposure Since FOMC Meeting
Is the stock pullback over?
I doubt it, and now that you mention it, I doubt the stumble over the last two months counts as a proper "pullback." US equities came into this week down all of ~4% from all-time highs, not exactly a disaster for a benchmark that's up -- checks notes -- more than 170% from the pandemic crash lows.
But stocks are on track for a second straight monthly loss which would count as the "longest" losing "streak" (scare quotes everywhere) since October of 2023, when a term
“I love an escalator because it can never be temporarily out of order. It can only be temporarily stairs. Sorry for the convenience.”
–Mitch Hedberg
Seems like its time to buy the dip