vs. SPY

Time for this week's episode of (sectors) vs. SPY. Long-term yields are elevated and yet the Financials (and especially our friendly pigs, the Banks) are getting drubbed vs. the broad…

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Who is Lying, BKX/SPX or Inverse Gold?

[Warning: confusing post alert!] The BKX/SPX ratio (Banks vs. the broad stock market) used to be a consistent traveling companion to the inverse of the gold price. In other words,…

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