SPX vs Consumer Staples Index XLP / SPX - Correlated!
An interesting chart appears when you divide the Consumer Staples Index XLP by SPX.
In 2000, XLP/SPX reached the bottom, the top in SPX was 153 days later.
IMO, same thing will happen in 2024.
Feb 1, 2024 XLP/SPX reached its bottom.
153 days later is in July 2024.
Will July 2024 be the top in US + Crypto markets?
In 2000, XLP/SPX reached the bottom, the top in SPX was 153 days later.
IMO, same thing will happen in 2024.
Feb 1, 2024 XLP/SPX reached its bottom.
153 days later is in July 2024.
Will July 2024 be the top in US + Crypto markets?
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