S&P 500 Weak Below 1-year Moving Average

S&P 500 Sustained Weakness Below 1-year Moving Average - 15 Consecutive Days (3-weeks)

Historically, when the S&P 500 remains below its 1-year moving average for 15 consecutive trading days—following a period of at least two years above it—forward returns have tended to weaken, while realized volatility has generally increased.