Completely by chance, early today I saw this remark by LZ:
I was intrigued, so I fired up the ol’ Layered Charts. Here is what I saw when I placed Palladium (blue chart) on top of the QQQ (black chart). The long-term correlation is clear, and there are certainly instances in which the NASDAQ has to “catch up” with Palladium.
Hey, how about a post that has nothing to do with Tesla?
We supposedly live in a trading world in which milliseconds matter, but it seems to me that plenty of major events take eons to flow through the system until people actually do something. Take Adani, for example, the zillionaire from India with massive business interests. Hindenburg Research – – personal heroes of mine – – issued a scathing report which I reported on the day it came out here. Only now is his world completely blowing up. Good.