$SPY In the last 3 years we have had just 10 red months.
Sounds scary? Well not really. Let's look at the daily red month closes:
-1.28%
-5.20%
-0.86%
-0.22%
-0.87%
-5.86%
-1.27%
-2.73%
-0.89%
-4.03%
So of the 10 down months, we have had only 4 months where the month closed greater than -1.30%.
In other words, just 4 terrible months out of 35. Of course each and every dip was a BTFD opportunity obviously as we are nearing ATH's today.
Hard to be a long term bear innit? Can be tactical and time short term pivots, but long term wise a losing proposition.