Charts, Divergent Layers, And How One Instrument Drags Down Another
2022.04.11 13:31
My ceaseless fondness for our Layered Charts feature is well known, and I took the time this weekend to put together a number of them to share with you.
They all pretty much say the same thing in one way or another: one important financial instrument is going to drag down another one which hasn’t quite received the memo yet. Here we go……….
SPY Chart
SPY and LQD (the latter being corporate bonds)
S&P 500 Price Chart
BIGSUM and SPX (BIGSUM being the cumulative advance/declines)
HYG-SPY Chart
HYG and SPY (HYG being the high-yield bond fund)
S&P 500 Chart (2000 vs 2022)
The S&P 500 in the year 2000 (red chart) versus right now (the blue)
Dow Jones Comp Chart
The Dow Jones Composite in 2008 (red line chart) and now (blue)
My opinion about all of these?
