Tightening, Geopolitics & Order In The S&P

The U.S. stock market has, for the most part, behaved in a very orderly fashion since the first quarter of 2016 ended just over a year ago. But since 1 March 2017, when the S&P 500 reached its all-time record peak closing value of 2,395.96, the S&P 500 has dropped diagonally by three standard deviations from that peak value with respect to its fundamental trendline, as determined from the relationship between its value and the S&P 500's trailing year dividends per share.