As shown below, today's declines have put the S&P 500 back into oversold territory. The index is back down more than 5% year-to-date, down 6.66% since August 9th, and up just 2.9% off the July 2nd lows.
The market should bounce soon, but I remain skeptical of a rebound that has any legs. The technical condition of the market has deteriorated a great deal and risk remains high.
For now we will remain safely in our low volatility income / bond funds.
Chart source: Bespoke Financial
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