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The S&P 500 suffered its first “2% down day” in 356 days on July 24.
165 stocks actually closed higher on July 24.
The massive market rotation into small caps sent the iShares Russell 2000 ETF up more than 12% in that period.
By Mike Larson
It finally happened. The S&P 500 (SPX) suffered its first “2% down day” in 356 days on July 24. The Magnificent Seven stocks shed about $700 billion in market capitalization, while volatility surged and bears came out of the woodwork....