The big days are over as corrections hit half of S&P 500 stocks

Calls for a correction of actions multiply. And while none have happened for the biggest clues, it’s safe to say that much of the market’s strength has been exhausted.

Large gatherings are a thing of the past. The S&P 500 went 34 days without increasing 1% in any of them, the longest in 20 months. And the pool of companies that feel significant pressure on prices continues to expand. More than half of index members have experienced declines of at least 10% since May, according to data compiled by Morgan Stanley.