Re-iterating rarer occurrences

Continuing today’s theme and sermon, the chart below (in amongst dire, ‘the sky is falling’ news and sentiment) shows the S&P 500 already hitting an Oversold reading and only its 9th occurrence in 41 years.

Look for the circles denote so, in the chart.

The previous moment before 1987 was in 1981.

June 10, 2022

by Rob Zdravevski

rob@karriasset.com.au