After an epic surge off the post-Brexit lows that took the S&P 500 to new all-time highs, the rally has been stopped dead in its tracks over the last two weeks.  But investors will take a flat market over a down market any day of the week!

To highlight just how flat this market has been, below is a chart showing the rolling 10-day high/low spread for the S&P 500 since the start of the bull market.  Over the last ten trading days, the index has traded in a range of just 0.52%!  That’s not only the lowest reading we’ve seen during the current bull market — it’s also the lowest reading we’ve seen since 1965!

We analyze prior periods of unprecedented flatness in this week’s Bespoke Report newsletter.  We also pack a ton of additional analysis into this week’s 39-page report.  You can read the entire thing by starting a 14-day free trial to our paid content below.

Have a great weekend!



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