Ominous or not? At the least it suggests all is not well in the broad market... Trannies are now down almost 8% year-to-date (and down 3.5% from the end of QE3).
[2]
Charts: Bloomberg
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[1]Ominous or not? At the least it suggests all is not well in the broad market... Trannies are now down almost 8% year-to-date (and down 3.5% from the end of QE3).
[2]
Charts: Bloomberg
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/05-overflow/20150526_death.jpg