No Rally Safe in S&P 500 as Traders Forget About Buying the Dip
- Intraday swings have doubled those in 2015 on oil, China woes
- January sees some of biggest peak-to-trough plunges since 2012
Global Stocks Are on the Brink of a Bear Market
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If it feels like rallies in U.S. stocks are getting shakier in 2016, they are.
Case in point was Tuesday, when a 183-point gain in the Dow Jones Industrial Average evaporated and the gauge slid as much as 87 points before ending 28 points higher. In the 11 trading sessions since New Year’s, the Standard & Poor’s 500 Index has fallen an average of 1.3 percent from its intraday high, more than double the decline last year.