Thank You Fed

| September 28, 2017
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Chart and Stat of the Day
Chart courtesy of Michael Batnick:
We’ve NEVER had a full year with an S&P 500 max drawdown this small. Full Stop.
However, the year is not yet over.
As a reminder, since 1980, the average annual drawdown is 14.2%
As I have said before, don't get used to this.



Stay Tuned, Disciplined & Patient! {TJM}

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