Friday the 13th

Contrary to common belief, Friday the 13th is not that scary for the markets.

DJIA returns on friday the 13th

 

Source- Bespoke Investment 

Correlations

*source Factor Ad visors, Reformed Broker

The Curious Case Of Correlations

Did Facebook led to Greece default ? ... Interesting take on correlations.

Inter Market correlations

Philly Fed and Payroll

and interesting chart which shows the correlation of Philly fed Index and Non Farm Payroll. If the correlation proves to be true than we can imagine the horrible NFP number waiting for us

Equity and Oil Correlation

As oil remains at higher levels, the correlation of crude oil and equity markets are slowly receding. IN last couple of year, the correlation has moved from negative to positive and now the correlation seems to reducing. Circa 2008, when oil made a high of $ 147 . the corrleation was negative as the highger crude prices were squeezing profit margins of companies and stoking inflation. but in 2009 when world was struggling with recession, oil and equity markets had strong positive correlations as better economic scenario meant more demand for crude.

GDP and Recession

An interesting data, Whenever real GDP growth of US falls less 2 %. It is followed by a recession.
Amercian GDP growth is very much near that pivotal 2 % mark. if GDP shrinks any further, a deep slowdown may be in offing

USD vs Stocks

Historically US Dollar and equity markets share a negative correlation. USD after making a low, is showing some strength and might bounce back. this is not a good sign for equity market whcih is already on its weaker side. any appreciation is USD can bring a decent correction in equity markets

Corrections and Correlations

Commitement of Traders fortelling a deep correction around october. it think the smart money knows that there is something coming up in the next quarter which might upset this bull rally setting the markets into deep correction. but things look positive by the end of the year.

Correlation between US equity Market and USD

For the first time i have seen S&P 500 and USD moving in tandem. it may be aberration or it might be signals of tectonic shifts in world economy

Correlation among major indices