Despite the US market being up around 16% on the year, several major companies are being labelled “fallen angels” as they deal with significant falls from peak to trough. Milford Senior Analyst Stephanie Batchelor explains to Heather du Plessis-Allan why big names like Estée Lauder, Nike, Starbucks and Lululemon are struggling, and possible next moves. She also touches on this week’s S&P 500 move down – a continuation of the increased market volatility seen in August.