MSCI World equities are off to a rough start for the month, with 8 out of 10 sectors in negative territory so far:
The percentage of stocks above their respective moving averages has fallen:
And the number of stocks making new lows has jumped to 33% from 0% for longer time horizons:
Whether this pullback develops into something worthy of the drama with which the Ides of March are historically associated remains to be seen. It could turn out to be as innocuous as the actual meaning of 'Ides', which was simply a Roman designation for the 15th day of the month in March, May, July, and October.