The S&P 500 has seen the worst performance for an extended cycle of interest rate hikes since at least the late 1950s, according to strategists at Deutsche Bank.
Here’s what they think is behind the selloff if sharp rate rises aren’t the driver.
Stocks fell Tuesday as traders struggled to recover from sharp losses suffered in the previous session and looked ahead to more economic data.
The Dow ended flat.
The S&P 500 dipped 0.16%.
The Nasdaq shed 0.59%.