[PLUS] October Weight of the Evidence Dashboard: Evidence Improves as Investors Turn More Cautious

Key Takeaway: Price pressure in September and the uptick in volatility in recent days are fueling the sentiment unwind we have been looking for. This helps move the overall weight of the evidence back to neutral. This provides an even balance between opportunity and risk. The strong uptrends that were present at the beginning of the year are notably absent as we move toward year-end. The most straightforward path toward improvement would have investors continuing to turn fearful while beneath the surface positive breadth divergences start to emerge. So far, the choppy environment that has been present for much of the year remains intact.

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