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S&P 500

Don’t Look At This Chart…

"Probably nothing"...

Cyclicality…

Economic sensitivity…

Leading indicator…

“It’s probably nothing”…

ProbablyNothing

Bonus:

DowT

 

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4 comments on “Don’t Look At This Chart…

  1. Curt A Tyner

    I looked and you are right probably no-thing……..well.

  2. Anonymous

    It may be a reflection of research received by CALPERS, et. al. SO it is a bit more than nothing, since it is a substantial divergence.

  3. quixotetom

    Looking at the make up of XTN there is a significant exposure to the price of fuel (trucking, shipping, airlines). As fuel price increases, driven by underlying oil price rally, these businesses will do less well. There is a very rough inverse correlation to USO but that is a rough and ready comparison. Ideally you would compare to a basket of refined products to nail down the correlation to fuel price movement. Is this indicating that when oil price rises, economic growth reduces/stagnates and the transportation sector is the canary in the coal mine?

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