This is how many stocks have crashed this year

You may be surprised to learn that nearly 500 stocks within the S&P 1500
SPTM,
-1.21%
have crashed this year.

That’s how many have fallen more than 40% from their trailing two-year highs. In defining a crash in this way, I’m following the lead of academic research into bubbles and crashes.

You shouldn’t be surprised by how many stocks have crashed. Given how far many of these stocks soared over the prior two years prior to…

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