Market sentiment has gotten so bad on Wall Street that investors on Monday sold everything. Literally. All stocks in the S&P 500 are down on the day, with the best performing name being Duke Realty, slanting around the flat line. The worst performing S&P 500 component was Signature Bank, which fell more than 14% as crypto prices plummeted. It’s rare to see this kind of indiscriminate sale of stocks. Even with the start of the Covid-19 pandemic — when markets were under severe pressure — investors should see some stocks move higher on the day. This sale has outstripped the S&P 500 index and stocks in general for that matter. At the New York Stock Exchange, about 28 stocks traded lower for every gainer. In other words, more than 2,900 names listed on the NYSE fell, while only 105 stocks increased. Looking beyond the stock market, bond prices have fallen, pushing interest rates even higher. The iShares 20+ Year Treasury Bond ETF (TLT), an exchange-traded fund that tracks long-term Treasury bond prices, fell 2.56% — on its worst intraday pace since May 5. 5. Meanwhile, commodities from gold to oil are also under pressure. Gold futures for August delivery fell 2.6% to $1,827.60 an ounce, while West Texas Intermediate gold futures fell 2.2% to $118.01 a barrel. The backing for this type of indiscriminate selling is that it can lead to a rally higher in the stock. Technical analysts tend to look for wash-out events like these to indicate that a short-term bottom may be forming. However, you’ll be hard-pressed to find anyone willing to call a final item into this week’s Federal Reserve meeting. The central bank is largely expected to raise interest rates by half a point on Wednesday. However, expectations for a 0.75 percentage point increase are growing following last week’s hotter-than-expected inflation report. Bottom line: Events like Monday’s show some signs of market speculation, but there could be even more selling over the weekend, depending on what the Fed has to say about inflation and the economy.