VOL. I · NO. 119 · standardpoorly.comTHU · MAY 28 · 2026FORWARD HORIZON · 1 d / 1 wk / 1 mo / 3 mo
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StandardmacroSP-4346

Case-Shiller Miami Home Price Index (monthly)

Miami metro home prices bellwether for FL inflows.

the verdict —
At the 21d horizon, this signal hits in the predicted direction 45% of fires. Mean SPY forward return when it lights: -0.15%. Status: OOS validated. n = 139. Bearish on the underlying when fired.
What to watch when it fires
XHBITB

Current state

Latest value · 2026-02-01
446.0
vs ~6 weeks ago
6.6%
vs 60 days ago
60%
vs 7 days ago
2.6%
last 90 observations · 2018-09-01 2026-02-01

The series — full history

Daily readings, every reading we have. Pick a window with the time-period buttons; flip to candles via the global toggle in the masthead (or press C). Toggle the SPY overlay to see how this series and the S&P 500 have moved together.

Case-Shiller Miami Home Price Index (monthly)
446.0 +230.0 (+106.52%) over 1Y
Hover for date + value · Toggle SPY to compare relative move
458.9375.3291.8208.3124.820052010201520202026
2005-03-01 → 2026-02-01 · 252 bars

What it has historically predicted

On days when this signal fires (deviates 2+ standard deviations from its 30-day average, in either direction), SPY has historically averaged -0.15% over the next trading month, moving in the opposite direction 55% of the time.

53%
+0.07%
1 d
51%
+0.10%
1 wk
55%
−0.15%
1 mo
49%
+0.06%
3 mo
49%
−0.70%
6 mo
55%
−0.57%
1 yr

Beyond SPY — how this signal performs across markets

Same fire days, different forward returns. Each row asks: when this signal fires, what does that asset do? The big number is the average return; underneath is how often the asset moved the same direction as the signal (50% would be a coin flip).

target
1 d
1 wk
1 mo
3 mo
6 mo
1 yr
SPY
S&P 500 ETF
n=139
+0.07%
53% same direction
+0.10%
51% same direction
-0.15%
45% same direction
+0.06%
49% same direction
-0.70%
49% same direction
-0.57%
45% same direction
VNQ
REIT ETF
n=135
-0.07%
46% same direction
+0.03%
44% same direction
-0.65%
43% same direction
-0.50%
42% same direction
-1.3%
41% same direction
-7.0%
33% same direction
Analyst · 6 moreWTI · Gold · BTC · Copper · DXY · MOVE see the full 8-target matrix with bootstrap confidence intervals.Join waitlist →

Each fire in history — when the signal popped, what SPY did next

Each bar is one historical fire — the indicator's value moved 2.5+ standard deviations from its rolling 180 trading-day mean (~9 months), or for monotonic “days since” indicators, crossed an 80th/90th/95th/99th percentile. Bar height = SPY's forward return at the selected horizon, signed by signal direction. Green above zero means the market moved with the signal; red below zero means it moved against.

horizon:
74 fires · 54% positive · avg +0.00%
⚠ This indicator hasn't fired since 2023-12-01 (909 calendar days ago). Currently quiet — chart shows historical fires only.
−9.6%−4.8%0%+4.8%+9.6%2000-05-01 · ↑ up-fire (z=2.50) · SPY 21d: −2.89%2000-06-01 · ↑ up-fire (z=2.53) · SPY 21d: −0.02%2000-08-01 · ↑ up-fire (z=2.54) · SPY 21d: +4.50%2000-09-01 · ↑ up-fire (z=2.57) · SPY 21d: −6.56%2000-11-01 · ↑ up-fire (z=2.72) · SPY 21d: −7.20%2000-12-01 · ↑ up-fire (z=2.80) · SPY 21d: +2.10%2001-02-01 · ↑ up-fire (z=2.92) · SPY 21d: −9.56%2001-03-01 · ↑ up-fire (z=2.97) · SPY 21d: −6.35%2001-05-01 · ↑ up-fire (z=3.06) · SPY 21d: −0.87%2001-06-01 · ↑ up-fire (z=3.09) · SPY 21d: −2.05%2001-08-01 · ↑ up-fire (z=3.14) · SPY 21d: −7.20%2001-10-01 · ↑ up-fire (z=3.21) · SPY 21d: +1.81%2001-11-01 · ↑ up-fire (z=3.25) · SPY 21d: +4.48%2002-02-01 · ↑ up-fire (z=3.19) · SPY 21d: +2.42%2002-03-01 · ↑ up-fire (z=3.20) · SPY 21d: +0.18%2002-04-01 · ↑ up-fire (z=3.22) · SPY 21d: −5.86%2002-05-01 · ↑ up-fire (z=3.25) · SPY 21d: −1.80%2002-07-01 · ↑ up-fire (z=3.33) · SPY 21d: −6.05%2002-08-01 · ↑ up-fire (z=3.32) · SPY 21d: +3.38%2002-10-01 · ↑ up-fire (z=3.34) · SPY 21d: +4.33%2002-11-01 · ↑ up-fire (z=3.34) · SPY 21d: +2.88%2003-04-01 · ↑ up-fire (z=3.33) · SPY 21d: +6.81%2003-05-01 · ↑ up-fire (z=3.28) · SPY 21d: +5.93%2003-07-01 · ↑ up-fire (z=3.23) · SPY 21d: +0.87%2003-08-01 · ↑ up-fire (z=3.25) · SPY 21d: +4.35%2003-10-01 · ↑ up-fire (z=3.24) · SPY 21d: +3.25%2003-12-01 · ↑ up-fire (z=3.20) · SPY 21d: +3.42%2004-03-01 · ↑ up-fire (z=3.24) · SPY 21d: −2.75%2004-04-01 · ↑ up-fire (z=3.26) · SPY 21d: −1.43%2004-06-01 · ↑ up-fire (z=3.32) · SPY 21d: +0.20%2004-07-01 · ↑ up-fire (z=3.34) · SPY 21d: −1.66%2004-09-01 · ↑ up-fire (z=3.38) · SPY 21d: +2.09%2004-10-01 · ↑ up-fire (z=3.38) · SPY 21d: −0.12%2004-11-01 · ↑ up-fire (z=3.38) · SPY 21d: +5.04%2004-12-01 · ↑ up-fire (z=3.40) · SPY 21d: +1.38%2005-02-01 · ↑ up-fire (z=3.45) · SPY 21d: +1.94%2005-03-01 · ↑ up-fire (z=3.51) · SPY 21d: −2.70%2005-04-01 · ↑ up-fire (z=3.58) · SPY 21d: −0.88%2005-06-01 · ↑ up-fire (z=3.63) · SPY 21d: −1.09%2005-07-01 · ↑ up-fire (z=3.64) · SPY 21d: +4.07%2005-08-01 · ↑ up-fire (z=3.64) · SPY 21d: −2.10%2005-09-01 · ↑ up-fire (z=3.65) · SPY 21d: +0.09%2005-11-01 · ↑ up-fire (z=3.58) · SPY 21d: +5.15%2005-12-01 · ↑ up-fire (z=3.54) · SPY 21d: +0.01%2006-02-01 · ↑ up-fire (z=3.45) · SPY 21d: +0.29%2006-03-01 · ↑ up-fire (z=3.39) · SPY 21d: +0.33%2006-05-01 · ↑ up-fire (z=3.25) · SPY 21d: −2.22%2006-06-01 · ↑ up-fire (z=3.13) · SPY 21d: −1.13%2006-08-01 · ↑ up-fire (z=2.89) · SPY 21d: +2.70%2006-09-01 · ↑ up-fire (z=2.81) · SPY 21d: +1.48%2006-11-01 · ↑ up-fire (z=2.71) · SPY 21d: +2.46%2006-12-01 · ↑ up-fire (z=2.66) · SPY 21d: +1.03%2007-02-01 · ↑ up-fire (z=2.53) · SPY 21d: −5.02%2021-09-01 · ↑ up-fire (z=2.56) · SPY 21d: −3.89%2021-10-01 · ↑ up-fire (z=2.68) · SPY 21d: +5.94%2021-11-01 · ↑ up-fire (z=2.79) · SPY 21d: −2.07%2021-12-01 · ↑ up-fire (z=2.90) · SPY 21d: +5.43%2022-02-01 · ↑ up-fire (z=3.11) · SPY 21d: −3.81%2022-03-01 · ↑ up-fire (z=3.26) · SPY 21d: +6.68%2022-04-01 · ↑ up-fire (z=3.37) · SPY 21d: −8.07%2022-06-01 · ↑ up-fire (z=3.46) · SPY 21d: −6.92%2022-07-01 · ↑ up-fire (z=3.45) · SPY 21d: +7.03%2022-08-01 · ↑ up-fire (z=3.32) · SPY 21d: −3.06%2022-09-01 · ↑ up-fire (z=3.18) · SPY 21d: −7.52%2022-11-01 · ↑ up-fire (z=2.95) · SPY 21d: +5.95%2022-12-01 · ↑ up-fire (z=2.87) · SPY 21d: −6.52%2023-02-01 · ↑ up-fire (z=2.74) · SPY 21d: −1.61%2023-03-01 · ↑ up-fire (z=2.69) · SPY 21d: +2.27%2023-05-01 · ↑ up-fire (z=2.60) · SPY 21d: +0.56%2023-06-01 · ↑ up-fire (z=2.59) · SPY 21d: +5.21%2023-08-01 · ↑ up-fire (z=2.58) · SPY 21d: −1.20%2023-09-01 · ↑ up-fire (z=2.57) · SPY 21d: −6.56%2023-11-01 · ↑ up-fire (z=2.53) · SPY 21d: +8.62%2023-12-01 · ↑ up-fire (z=2.50) · SPY 21d: +2.11%2000-05-012005-04-012023-12-01
Each bar = one fire day (|z|≥2.5 from 180-day rolling baseline). Bar height = SPY return over the the next trading month, signed by signal direction. Dashed line = average across fires.
shaded cell = each row's strongest horizon (green = bullish forward return, red = bearish)“same direction” means the asset moved the same way the signal moved — opposite of a coin flip.