State of the Markets – Did we bottom?

We are monitoring key conditions that typically define a tactical market low:

1) Sentiment Extremes

• VIX > 50

• Spike in put/call ratios

2) Capitulative Price Action

• Over 70% of S&P 500 experiencing -2 standard deviation declines

• Fewer than 20% of S&P 500 stocks trading above their 200-day ma

Additional Observations:

• The S&P 500 has retraced roughly 50% of its pri…