S&P 500 Closes Below 200-Day MA For First Time in 9 Months

The last time we closed below the 200-day moving average, we were in the midst of a sharp market selloff and the October 15 Treasury flash crash. Comparatively, this is much more mundane. But that committed and stoic view is far more concerning in my opinion. It's not an over-done speculative tumble that opportunists are willing to jump back in on. It's more concerted.