Is it finally time not to buy the dip? S&P 500 90-day volatility rose to 10.2% as of Oct. 10, up from 8.9% on Oct. 6 -- the lowest since 1Q20. The 10-year average is 16.9%. The SPX 200-day moving average is 6,049, compared with the latest level of 6,552. The potential for mean reversion can be disconcerting. Where might Bitcoin, gold, crude oil, and copper trade when beta reverts to this mean? Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t3rb0bgpwdjj {BI COMD} #gold #bitcoin #stockmarket @BBGIntelligence(Mike McGlone)