The ‘Trump Thump’ Market Swoon Was Historic

The big question for traders going into Monday: How much worse can it get? The selloff has already been one for the record books.

The “Trump Thump” will go down alongside 1987’s Black Monday, 1929’s Black Thursday, the dotcom crash and the pandemic as one of the worst times ever to be in the stock market.

The two-day fall of 10.5% makes it into fourth place in the worst two-day drops since the S&P 500 was created in 1957. Worse were the outbreak of the pandemic in 2020, the aftermath of the collapse of Lehman Brothers in 2008, and the 1987 crash.

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