The Trannies Have Spread Wide Open

Tyler Durden's picture

Presented with little comment but the Dow Transports are now around 5% out of line relative to the impervious Industrials over the short-term and on a longer-term basis are sending some rather concerning signals that we have seen before...

LT Industrials vs Transports...

 

and short-term it is becoming quite pronounced...especially post-Draghi

 

Charts: Bloomberg