"How bearish is the indicator currently? According to a simple econometric model based on the historical relationship between the indicator and the stock market, the indicator is projecting that the S&P 500 will produce a total real return of minus 4.2% annualized over the next decade."
Here's another one.
https://fred.stlouisfed.org/graph/?g=qis
"How bearish is the indicator currently? According to a simple econometric model based on the historical relationship between the indicator and the stock market, the indicator is projecting that the S&P 500 will produce a total real return of minus 4.2% annualized over the next decade."