The S&P 500 fell 2%+ today for its worst day since February 2014. If you’re looking for in-depth analysis of how to play this market, we published a number of reports today for Premium and Institutional subscribers covering the decline and what it means for returns going forward. As a broad overview, below is a look at our trading range screen for the S&P 500 and its ten sectors. As shown, 8 of 10 sectors are oversold, and it’s the S&P 500 as a whole that’s the most oversold. You rarely see this.
Globally, all 30 of the key country ETFs that we track are now in oversold territory! We haven’t seen this in a long, long time.
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