The S&P 500 (Still) Has the Widest Risk Range Our Model Has Generated Since 2008

08/31/15 03:12PM EDT

The S&P 500 still has the widest risk range our model has generated since 2008.

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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%).

The S&P 500 (Still) Has the Widest Risk Range Our Model Has Generated Since 2008 - z Slide37

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