{"id":8571,"date":"2018-12-26T13:07:07","date_gmt":"2018-12-26T13:07:07","guid":{"rendered":"https:\/\/fundamentalis.com\/?p=8571"},"modified":"2018-12-26T18:35:12","modified_gmt":"2018-12-26T18:35:12","slug":"the-chart","status":"publish","type":"post","link":"https:\/\/fundamentalis.com\/?p=8571","title":{"rendered":"The Chart"},"content":{"rendered":"<figure id=\"attachment_8572\" aria-describedby=\"caption-attachment-8572\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/fundamentalis.com\/?attachment_id=8572\" rel=\"attachment wp-att-8572\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-8572\" src=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/SP500monthly122618-300x149.png\" alt=\"\" width=\"300\" height=\"149\" srcset=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/SP500monthly122618-300x149.png 300w, https:\/\/fundamentalis.com\/wp-content\/uploads\/SP500monthly122618-768x381.png 768w, https:\/\/fundamentalis.com\/wp-content\/uploads\/SP500monthly122618-1024x508.png 1024w, https:\/\/fundamentalis.com\/wp-content\/uploads\/SP500monthly122618.png 1916w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-8572\" class=\"wp-caption-text\">Click to enhance<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p>2011 was the last year the SP 500 has seen the 50-month moving average. <a href=\"https:\/\/fundamentalis.com\/?p=8566\">Here<\/a> was last night&#8217;s post comparing this current correction with the 2011 and 2015 &#8211; 2016 drawdowns.<\/p>\n<p>Kinda ugly this quarter and looking at the stochastics, the SP 500 is at the same level as 2015 &#8211; 2016.<\/p>\n<p>Fundamentally, we must see a slew of earnings pre-announcements after the first of the year, or the SP 500 remains pretty reasonably valued. The pressure on the forward 4-quarter SP 500 earnings estimate is not out of the ordinary (yet).<\/p>\n<p>Thanks for reading.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; 2011 was the last year the SP 500 has seen the 50-month moving average. Here was last night&#8217;s post&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[169],"tags":[],"class_list":["post-8571","post","type-post","status-publish","format-standard","hentry","category-technical-analysis"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/8571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8571"}],"version-history":[{"count":3,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/8571\/revisions"}],"predecessor-version":[{"id":8575,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/8571\/revisions\/8575"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}