....clear WARNING>
The Dow to SPX ratio has been in long term decline. This is very ominous for SPX, NASDAQ etc. An 'event' of some kind seems likely. Timing is difficult, but Q3/Q4 seems a strong possibility
https://x.com/NorthstarCharts/status/1801936259721396387
...this sign precedes the arrival of the Big Kahuna the past 2 occasions.
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