I used to be obsessed with Thursday afternoons, back in the day when some F.R.E.D. information seemed able to predict where the S&P was going. It’s been a while, so here are the four component data sets, which have been swooning lately:
Boil ’em all down, and you actually get one hell of an impressive reversal.
Yeah, I would like to think that the S&P is overvalued by 1,750 points right now!
