November 06, 2015 BY Michelle Garofalo
BACK TO THE MEDIANS (1957 To Date): S&P 500 18% Downside
The S&P 500 gained 8.3% (price only) in October. Based on the 1957-to-date valuation metrics presented below, downside to its historical average increased by about 6% from last month’s –12% reading. The S&P Industrials’ downside to mean valuation (excludes Utilities and Financials) is 30%, about 3% greater than last month’s reading.