This is the weekly post that aggregates all the charts we put together throughout the week and organizes them all into one, easy to flip through deck.
This chart below tells a great story.
Want to know what's happening in the Stock Market? Here's a pretty good one that helps explain:
Remember, historically the S&P Industrials have the highest positive correlation with the S&P500, of all the Sectors. It's probably because it's so diversified: Airlines, Heavy Machinery, Human Resources, Railroads, Logistics Companies, Engineering, Trucks, Security & Alarm Services, Defense Companies and the list goes on.
It's no wonder that the correlations are so high. This sector is all over the place.
How this consolidations resolves is likely going to tell us a lot about the next direction for the S&P500.
Meanwhile, Emerging Markets fell to their lowest levels of 2021: