pullback

“U.S. manufacturing activity contracted at a faster rate, with pullbacks in supplier deliveries, new orders and employment,” said Susan Spence, chair of the ISM.

The economy contracted 1.8% in the second quarter, a steeper pullback than the earlier estimate of a 1.6% decline in GDP.

Of the other 16, twelve were preceded by large pullbacks in the S&P500, of more that 10%, within the year leading up to election day, and the other saw pullbacks of less than 10%.

It works in reverse too, as the digital asset slump in recent weeks likely had an impact on broader sentiment, contributing to the pullback in equities.

It works in reverse too, as the digital asset slump in recent weeks likely had an impact on broader sentiment, contributing to the pullback in equities.