Now, will nominal FXI find support and turn up, leading a bloated S&P (sponsored by all that dumb money) higher? Maybe, maybe not. Let's flip the calendar and see what transpires in January. For now, the leader is divergent, and not in a good way.
Tuesday, December 28, 2010
FXI-SPY Ratio continues to diverge
http://www.biiwii.blogspot.com
Now, will nominal FXI find support and turn up, leading a bloated S&P (sponsored by all that dumb money) higher? Maybe, maybe not. Let's flip the calendar and see what transpires in January. For now, the leader is divergent, and not in a good way.
Now, will nominal FXI find support and turn up, leading a bloated S&P (sponsored by all that dumb money) higher? Maybe, maybe not. Let's flip the calendar and see what transpires in January. For now, the leader is divergent, and not in a good way.
