Charts, Divergent Layers, And How One Instrument Drags Down Another
Tim Knight | Apr 11, 2022 01:49AM ET
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 and LQD (the latter being corporate bonds)
BIGSUM and SPX (BIGSUM being the cumulative advance/declines)
HYG and SPY (HYG being the high-yield bond fund)
The S&P 500 in the year 2000 (red chart) versus right now (the blue)
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My opinion about all of these?
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