DID YOU KNOW THAT THE US ECONOMY SAW THE LARGEST DROP IN RECORDED GDP AND CONSUMER SPENDING IN THE LAST QUARTER?
The questions over how the market will handle a test of the previous All Time High are well and truly over, so in this macro look at the S&P500 we will instead look at this movement comparatively to the history of the trend.
Like it or not, the bull cycle is not over...
The dotted white line represents a +1.5 deviation to the mean of the log trend. We can see that, with a small few exceptions, this has been the limit for upside potential growth for the market since 2009. Prior to the COVID crash, the price was a little over 3% from this mark on the trend. The current price puts us inside of 3%, meaning that the price action comparative to the average trend is stronger than before the crash.
While it's possible that some companies used the opportunity to dump some bad news on the market and get some skeletons out of the closest, it seems insane - overall - to suggest that the markets are healthier now than they were 7 months ago. And yet, here we are...
The questions over how the market will handle a test of the previous All Time High are well and truly over, so in this macro look at the S&P500 we will instead look at this movement comparatively to the history of the trend.
Like it or not, the bull cycle is not over...
The dotted white line represents a +1.5 deviation to the mean of the log trend. We can see that, with a small few exceptions, this has been the limit for upside potential growth for the market since 2009. Prior to the COVID crash, the price was a little over 3% from this mark on the trend. The current price puts us inside of 3%, meaning that the price action comparative to the average trend is stronger than before the crash.
While it's possible that some companies used the opportunity to dump some bad news on the market and get some skeletons out of the closest, it seems insane - overall - to suggest that the markets are healthier now than they were 7 months ago. And yet, here we are...
