JPMorgans Erdoes: Market Correction Wont Be 10%

Erdoes Erdos, CEO of JP Morgan Asset Management, predicts that the market will not see a 10% correction. Instead, she suggests that stocks will either fall slightly or significantly, with no middle ground. She foresees a 2% correction with cash inflow or a severe correction worse than 10%. Currently, the S&P has dropped nearly 6% from its peak last month.

According to the CEO, what are the two possible outcomes for the stock market?

What has been the percentage fall of the S&P from its peak last month?