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After its recent downturn, is the stock market oversold?

johnNjohnN
in Fund Discussions
https://etfdailynews.com/2019/05/22/after-its-recent-downturn-is-the-stock-market-oversold/

After its recent downturn, is the stock market oversold?
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May 22, 2019 12:46pm NYSE:SPY
Upswing Soar

From Keris Lahiff: Stock markets are slowly healing from the worst of the month’s trade war sell-off.

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  • Old_Skeet
    edited May 2019
    Old Skeet's market barometer as of market close 5/23, based upon it's metrics, reflects that the S&P 500 Index is undervalued with a reading of 156. With this, I did a little buying yesterday in one of my global equity monthly distribution funds (EADIX) which has a yield of about 3.4%. As I write, it is off it's 52 week high by about eight percent.
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