Key points from the report:
Indices have corrected around 4% to this week’s lows. Median corrections for past 120 years are 7–8%.
Revisiting style performance, Small has begun to catchup a bit to Large, and Value has done similarly versus Growth.
The relative comparison nearest an historic extreme is Small Growth versus Large Growth, which reached -13% over a trailing one-year period recently. It has improved slightly since last week.
