From Seekingalpha · Advisor Perspectives Charts · · 30s
S&P 214% Above Trend
S&P Composite shows 214% above trend in September.
In brief
S&P Composite shows 214% above trend in September. S&P Composite is 214% above its long-term trend line in September. Originally reported by Seekingalpha.
Market Trend Analysis
The stock market's only certainty is its cyclical nature: long-term overperformance eventually leads to underperformance, and vice versa.
Current Market Position
Using regression analysis, the S&P 500 would be valued at 2,439 if on its long-term regression trend.
Market Deviation
The S&P Composite is 214% above its long-term trend line in September, with a standard deviation of 48%.
The key point
S&P Composite is 214% above its long-term trend line in September.
