S&P 500 is below its 50-day moving average for first time in over four months, but history suggests the slowdown is temporary

Of 231 companies that reached similar valuation multiples over last 50 years, over 90% underperform over following three, five- and 10-yeara periods

There’s a consistent pattern of markets rebounding strongly from lows

Markets had been carried by a handful of tech giants for first five months of the year but now smaller stocks are showing strong returns