Who is Lying? Stocks, Crude Oil or Yields?

Sharing is Caring!

by Kimble Charting

Crude Oil, Stocks, and Yields have experienced a high degree of correlation over the past few months. All three peaked together near the end of September and all three bottomed together near Christmas. This month a big divergence is taking place!

The chart above reflects that Crude Oil and the S&P have created a series of higher lows, while yields have created a series of lower highs.

See also  Central Bank Job? Venezuela’s 31 Tons of Seized Gold At Bank Of England (“Socialism” Is Easier When Crude Oil Is $100)

One of the largest divergences in a year is taking place as the month of March is coming to an end.

Most likely a game of “Catch Up” needs to take place, as the spread has become rather large. Stocks and Crude will chase yields lower or yields will rally to move closer to rising Crude and stock prices.

See also  Inflation Is SURGING, Economy Is Cratering, STOCKS HIT NEW RECORD HIGHS!

Watch these support and resistance lines for clues to the upcoming game of “Catch Up!”



Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.