So far, S&P 500’s selloff since late March has been all multiple contraction (forward P/E, blue) as forward EPS (orange) have moved higher pic.twitter.com/su7aJ9rg5q

S&P 500 closed in red for 3rd week in row (longest losing streak since September); last week was also worst in over a year (-3.0%); despite sell-off, handful of large-cap segments were up with Utilities leading way; worst-hit was Technology ⁦@SPDJIndices⁩ pic.twitter.com/LoNvVeDKZh

79 stocks in the S&P 500 made a new 10 day high, most in two weeks. 33 made a new monthly high, again, most in two weeks.

How rare was Friday? More than 300 stocks in S&P 500 were green, yet the index was down 0.9%. Using data back to 1998 that happened only ONE OTHER TIME. 10/2/20 saw 313 stocks up, but it fell 1.0%. Again, things are improving under the surface if you look at the data.