John P. Hussman, Ph.D.: S&P 500’s minor dip masks deeper risks; rebound after volatility spike isn’t reassuring near overbullish highs.

"The hits just keep on comin'" – Casey Kasem

This one today – in case you're told the initial rebound after a volatility spike is a good thing. Not so much when the market is still near divergent, overbullish, record highs.

Not an investment strategy, not a forecast. Just FYI. pic.twitter.com/e0q21AkQxg

— John P. Hussman, Ph.D. (@hussmanjp) August 13, 2024