Miners (below, in black) and the S&P (in blue) used to move largely in lockstep.
Over the past few months, miners have been in an unrelenting free-fall, whereas stocks have been on a helium-based ride to nosebleed levels.
I wonder which one of these markets is wrong? How will this divergence resolve itself? Actually, I don't wonder. But I present the chart to you nonetheless.
