I was glaring at the insanely tiny ranges of the past few weeks when it occurred to me there was only one other time that I recall seeing such a phenomenon, and that was………….just before the Covid crash! The old saying is never to short a dull market. I don’t see the logic to that. If you compare the past few months to the late December/early January period of 2019/2020, you’ll find the action on the SPY remarkably similar:
And just in case anyone is psychotic enough to consider the market reasonably priced:
