S&P 500 compared to the Commodity Index RS

5 Mar 2022

Here is an interesting chart... Take a look at the RS Index of the S&P500 index and the Commoditie index.

5 Mar 2022

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Divergence has been building up and triggerd a sell in stocks and long commodities in January this year.
In April 2012 the indicator triggered a sell in commodities and long stocks.