The Power of Long-Term Moving Averages

In all environments we never saw on average returns become negative in the next 30 days even with the market being stretched 20 percent or down 20 percent or whatever again maybe that's a little bit of survivorship bias but it does point to the overall positive drift that the markets do generally have over a long enough time period. You really didn't find any negative drift environments here you found mostly positive drift environments in all of these cases so thought that was interesting no definitely one you should take away and kind of put in your back pocket and think about for your next strategies.