What's Wrong With This Chart?

Tyler Durden's picture

One (and by one, we mean the incumbent presidential candidate) can only hope that consumer comfort tracked by Bloomberg is not a leading market indicator... Of course, with Wall Street now solidly on the side of Mitt Romney, and well aware it needs to crash the S&P ahead of November if Romney is to have a running chance, this may well be the case.

 

Bloomberg Consumer Comfort Index vs S&P 500...

 

Chart: Bloomberg