The Equal weight S&P 500 has been negatively diverging headline SPX for months Here is Exhibit A about why you can see something negative but you need to temper how you present (in my case) or react to it (in both our cases). Equal weight SPX has been diverging since March while the headline SPX motored from the 4200 area to the 4800 area. Yes, … Continue reading Equal weight SPX negative divergence
Message from Junk Bonds is still risk ‘on’ People touting bearish media headlines (like the Omicron/Fed tapering 1-2 punch) may be reinforcing the herd’s tendency to react rather than think, but all you have to do to know what the market actually thinks is to watch the indicators. Those would include the Copper/Gold ratio for its inflationary cyclical/counter-cyclical indications. It would include Silver/Gold, for its … Continue reading Say, do you think risk is still ‘on’?