Quick recovery

Bloomberg noted an interesting phenomenon per BofA - stocks are recovering quicker from big one-day declines than they ever have before.

If we take a slightly different look at it, the S&P 500 recovered from its 2.5% pullback last week in only 4 sessions. That's measured from the time it first fell more than 2.5% from its peak to when it next closed at a fresh 52-week high. That's one of its quickest recoveries in history.

Curiously, it wasn't a great sign. The table below shows every time it took less than a week for the S&P to recover from at least a 2.5% pullback.