Post-WWII $SPX Real Tot 10 Yr Ret (Ann) when CAEY 2.7% to 4.0%:

Avg | Med = 4.3% | 5.1%
Range = -2.4% to 6.7%
% Positive = 99%

Current CAEY = 3.4% | Avg = 6.1%

CAEY is low relative to historical avg and has generated below average returns at similar ranges.

$SPY $DIA $QQQ https://t.co/a9neMUGdFR