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, copper and T-bond yields 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)