Tuesday, March 13, 2012

S&P Priced in Gold

The S&P 500 and Gold are curiously divergent for the day of a Fed meeting.  One would think that if the Fed signaled more accommodation both might rally, and if more hawkish both might fall.  Despite the divergence and gold's underperformance since September, the S&P still hasn't recovered fully from last summer's drop when priced in gold.

No comments:

Post a Comment

For compliance reasons, I don't post comments to the site, but I do like hearing from readers and am happy to answer any questions. Feel free to use the comment box to get in touch. Please leave an email address in your comment so that I can write back, or email me directly at Skrisiloff@avondaleam.com.