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Market price vs its 12-month average

Think of the average as the market's long-term walking path. When the price stays above it, conditions are usually calmer; when it falls below, investors should expect more caution and volatility.

Drop from the market high

This shows how far the market has fallen from its best recent level. A small drop is normal; a deep drop means portfolios may feel more stress and patience becomes more important.

Recent and longer-term returns

This compares the market's recent one-year result with its slower three-year pace. It helps separate a short burst of excitement from a healthier long-term trend.