In light of the above, let's do a short-term comparison of Newmont mining vs. the S&P 500.
That's just a short-term pattern. There is no reason to believe it will hold.
That aside, I was rather impressed with gold today in the face of a rising dollar and rising interest rates.
Mike "Mish" Shedlock
A mere five companies account for nearly half of the rise of an index of 500 stocks.
The S&P 500 went into bear market territory today on the worst Christmas Eve trading session ever, percentage-wise.
If you believe you are diversifying by buying an index ETF, you are mistaken.
For the first time in a decade, the yield on three-month treasuries exceeds that of S&P 500 dividends.
There are bears and then there are bears. Hussman claims he is not a PermaBear, no matter how he sounds.
The S&P 500 rose almost 29% in 2019. Today those gains were erased this morning but now stocks are off the lows.
The Dow fell 10%, the S&P 500 futures fell 10.6%, and the Nasdaq futures fell 10.5% in a stunning rout.
The S&P 500 is testing the 2550-2600 level for the 6th time this year. How long does this go on?
Inquiring minds just may be interested in a gap-and-crap comparison of the the S&P; 500 index, the Spain Ibex index, and the Euro.
