S&P 500 at the extremes

27 בינו׳ 2020

Three times in the last 10+ years the S&P 500 has moved measurably through the 3rd standard deviation from the mean of this monthly regression channel. The previous two times resulted in regressions back to and through the mean. Trend reversals are hard to time, but the risk of being long here seems to be at an extreme.