Highlights
- Today's downside volatility surge with the S&P still above its 200-day average is a relatively rare behavior.
- Nonetheless, it has happened before, and on average, forward returns have tended to be well above average.
- With the Risk Gauge still in good shape in the medium- and long-term, we therefore want to resist the temptation to sell this weakness.
- This is especially so since only 8% of the
