S&P 500 declines not unprecedented, neither is its recovery

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The S&P 500 (^GSPC) recovered some of its sell-off losses, closing Tuesday's session 1.03% higher. While the widespread selling activity erased a sizable chunk of the Magnificent Seven's market cap, is this pattern of peak-to-trough declines really unprecedented for the index?

Julie Hyman comes onto Asking for a Trend to break down Goldman Sachs charts illustrating the S&P 500's history of sell-offs and ability to bounce back from similar pullbacks.

For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend.

This post was written by Luke Carberry Mogan.