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Ryan Detrick, CMT

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@RyanDetrick

Chief Market Strategist at @CarsonGroupLLC

๐Ÿ”Ž for the perfect BBQ
Host to the Facts vs Feelings podcast
CNBC Contributor

Portfolio Manager to +$8B in AUM
Cincinnati carsongroup.com/research Joined February 2009
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Ryan Detrick, CMT Verified account @RyanDetrick
First things first, the OG @StovallCFRA has shared this for years, so shout out to him for this one.

It took 23 trading days for the S&P 500 to be down 5% from the Oct 6th ATH.

Sam found that most bear markets started with a quick move down 5% from ATHs. In fact, only one bear market ever (34% in late '60s/early '70) took longer than 23 trading days to hit down 5%.

Could this go into a full fledged bear market? Of course it could, but for now we don't expect that and this suggests don't panic just yet.
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