Why the Stock Market Tanked —and What to Do About It

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The S&P 500 fell 1.7% Monday, its worst day since May. NYSE Text size The stock market tanked—and a correction may be in the offing. While China Evergrande is getting all the attention, the real problem might be risks to earnings and valuations. The S&P 500 dropped 1.7% Monday, and the index is down 3.9% from its all-time high. That may just be the beginning, says Barry Bannister, Stifel’s chief equity strategist, who calls for the S&P 500 to drop as much as 15% this year. “It’s the coale
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