The biggest divergence in history...
The S&P reached a new all time high while the % of stocks above the 200 day moving average was trending steadily lower
(Meaning that Financials, Tech, and Healthcare are all massively overbought/overowned)
July to July View:
What do Chinese internet stocks and the Japanese Yen have in common?
100% correlation.
With the Dow:
Yen (red) with Dow
The major U.S. indices, which are technically the weakest since late 2008, are correlated to MASSIVELY Yen-leveraged Chinese internet stocks, 20% of which are still halted.
The Idiocracy was given six years, so they went to the shopping mall.
