Today we showcase a rare bullish signal for stocks. It's the weakest breadth since pandemic lows, says Lucas Downey of Mapsignals.com.
Stocks are extremely oversold. In this video, we show how low breadth readings actually are quite bullish for forward returns. Since 1990, this rare bullish signal happened 137 times and prefaced big average gains for the S&P 500 (SPX).
Volatility is to be expected with investing. The moves we are witnessing now tend to happen during bear markets...often during a bottoming process. So, hang in there!
To learn more about Lucas Downey, visit Mapsignals.com.