I’m afraid that this sardonic representation of charting for 2023 is true. All the bullish ones, just fine. All the bearish ones: a slight modification is required. Click on it (as always) for better viewing.
![](https://i.redd.it/z5z2f0cppe6b1.png)
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Holy guacamole. Have I got a chart for you. What I did was took the high-yield corporate bond rate (for you Gold and Platinum folks, the symbol is FR:BAMLH0A0HYM2EY). I inverted it. Then I used a Layered Chart to put the S&P 500 on top of it. These two are normally quite closely-correlated. As you can see, the spread between them has become absolutely insane. Let’s just say equities aren’t priced where they should be.