A Changing of the Guard

日期:2013/12/09

A changing of the guard in comovements between bonds and stocks on a daily basis is gradually taking place. During the 5 years from year end 2008 to Nov 30, 2013, there were 416 comovements ++ or - - between the two markets on a daily basis. 262 of these are ++ and 154 were - -. That's 4.5 a month for ++ and 2.5 a month for - - During Nov 2013, there were 5 comovements - - between bonds and stocks. And so far in Dec, the red on our Daily Spec chart, there have been 2. It is interesting to note that during March and April 2013 there were 0 comovements + + and - -. Little regularities like this can sometimes be precursors to bigger things.