Bloomberg Intelligence's 'Equity Market Minute' 9/30/2022

Gina Martin Adams discusses the current state of the S&P 500, highlighting that its breadth has reached levels typically associated with market bottoms. September was notably poor, with 93% of S&P 500 constituents declining, marking it as one of the worst months since 1990. Historical comparisons are made to similar periods in early 2020 and late 2018. Another measure shows that the percentage of stocks trading above their 50-day moving average fell below 3%, a level linked to major market lows like those in 2020 and 2011.

What is the significance of a month where more than 90% of stocks drop?

What level of percentage trading above their 50-day moving average was reached in September?