Whilst October saw a very powerful net monthly gain of +8.0% to settle at 3871, that was from a new cycle low of 3491. It remains a bear market, as we’ve been stair stepping lower across the year.
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The SPX saw a net September decline of -369pts (9.3%) to 3585. Regardless of any s/t bounce, the bulk of Q4 should be ‘scary wild’, for what remains a bear market.
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