The phrase "sharp pullback" means a sudden and significant decrease or retreat in something, such as the value of a stock or the intensity of an activity. Full definition
«The Alberta wildfires and sharp pullback in oil sands production in May took the Canadian economy on a brief detour into negative growth,» said Craig Wright, senior vice-president and chief economist at RBC. (rbc.com)
A Morgan Stanley strategist thinks equities can surge more than 14 percent from current levels despite their recent sharp pullback. (cnbc.com)
The market's sharp pullback in August actually has made me more optimistic about stocks, which were overdue for a correction. (bottomlineinc.com)