The S&P 500 still has the widest risk range our model has generated since 2008.
* * * * *
The range is 1,835-2,017 with the more probable level being the downside one (-7.7% from Friday’s close), given that the Fed could be tightening into a 0.1% GDP environment here in Q3 (our low-end scenario with the high end being at 1.5% and the Atlanta Fed tracking 1.2%).
This is an excerpt from Hedgeye morning research. Click here if you're looking for a trustworthy and accountable risk manager who has a habit of (correctly) making big calls.
