Below, there is a link to a chart which compares recent months action of the CRB raw industrials
spot index to that of the SP 500. Now, over the years, the comparison is not nearly so close
primarily because industrial commodities prices were quiescent over much of the 1985 - 2000
period. But stock players have been much more interested in this comparison over the past
decade. SPX vs. CRB industrials.
http://www.andykessler.com/andy_kessler/2011/03/stock-market-and-oil-vs-monetary-base.html
ReplyDeleteThey all seem to rhyme...