Meta Strategy Derivatives Portfolio – Probability Map Update.

The Market Breadth Conundrum:

Market breadth indicators are an important tool in our toolkit for assessing the health of the stock market.
This week’s letter offers an in-depth analysis of the practical use of market breadth indicators, including what they tell us in the current market environment.

As usual, I map my current data-driven estimates of the probabilities for future returns of the S&P 500 over the short, medium, and long term.