Wells Fargo: Market 'tailspin' could last another one to two weeks

CNBC -

CNBC—The sell-off across the market is going to continue for at least another week, Wells Fargo says after the worst day for the Dow Jones Industrial Average and S&P 500 since February.

Who Was Hit The Hardest During Last Week's Market Rout?. While we previously reported that quant and hedge funds who were over-exposed to momentum and growth factors and stocks, as well as "hedge fund darling" names were hit especially hard during last week's rout, which saw a violent rotation out of "growth" and into "value" stocks, a deeper dive into factors and sensitivities indicated that beta, GDP sensitivity, and momentum were especially challenged during the recent pullback, based on an analysis of month-to-date performance through Oct 11...