SPX Relative to Key American Asset Classes

21 jul 2020

Most notably, The !BKX continues to lag behind, with this chart showing how much so relative to the SPX. The KBW Bank Index is designed to track the performance of the leading banks and thrifts that are publicly-traded in the U.S. The Index includes 24 banking stocks representing the large U.S. national money centers, regional banks and thrift institutions. This chart represents how diverged we are at this point in time, with the !SPX signaling bullish, the !COMPQ remaining bullish, !RUT remaining short, and the !DXY set to new yearly lows (currently trading at the second lowest price relative to the other basket currencies calculated as the index) which would be on the back of new ATH's for the SPX and most large cap indexes, with the small caps taking the front of the storm and financials sinking thus further relative to the SPX.