The Dow and S&P 500 fell, while the Nasdaq inched up Wednesday as the stock market weighed the CPI inflation report. Bond yields rose.
In a Monday note, Jonathan Krinsky, chief market technician at BTIG, observed that U.S. stock-market ... by a 22% drawdown between July and October that year, Krinsky noted (see chart below).
In search of a bearish catalyst The stock market's inability to rally argues that the market is concerned about another underlying risk factor that could lead to a deeper drawdown. If that's the ...