After a nice upward move on the day of the Fed rate hike, the market has retreated sharply in the three subsequent sessions. The sell-off isn't quite done yet, according to Redpoint Ventures.
The Fall: Between Wednesday and Monday, the SPDR S&P 500 ETF Trust (NYSE: SPY) has lost over 7%. The weakness is starker when we consider the all-time high reached late last year. Since hitting a peak of 473.54, the SPY has pulled back about 16%.
