A New Ratio
the SPY/TLT combination yields some interesting results
I am very fond of ratio charts, but I stumbled upon a ratio that I hadn't tried before (and I'm kind of shocked at myself for having failed to do so). It is SPY/TLT, which is the S&P 500 ETF divided by the US Treasury Bond ETF. One look at this thing, and it's quite an intriguing presentation:
What's cool to me is how clear the patterns are which one mig…
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