One of the (many) advantages of a Gold or Platinum membership is access to Layered Charts. One of the (many) uses of Layered Charts is what I call the “Fed Spread” which ostensibly predicts where the S&P 500 should be in a couple of weeks’ time. Here, hot off the press, are the component parts:
Mash ’em together, roll ’em out, bake ’em, and you get………
In other words, we’re about 200 points overvalued right.
Good.
