SentimentEdge report

Jason Goepfert

9-21-2020 at 1:26 pm

Another correction marks the 4th in only 3 years

The S&P 500 is on the cusp of falling into a correction, or around a 10% decline from its recent peak. When this happens quickly after a new high, forward returns were sketchy over the medium-term. This is the 4th such pullback in 3 years, tied with only 2 other periods since 1928.

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