Written by Jim Welsh
Macro Tides Technical Review 31 October 2016
Over the last 5 weeks, a review of the S&P makes it appear that not much has been going on. Since September 22, the S&P has only dipped -2.34%, which is not much of a decline over 5 weeks of trading. But that sanguine overview is masking what’s going on under the surface. While the S&P has only fallen by -2.34% since September 22, the Russell 2000 has lost -5.7%, 2.4 times as much as the S&P.