Credit Suisse Asks "Who Will Be Proven Correct?"

The S&P has made this move up on weak volume while, as Credit Suisse notes, macro trends diverge significantly. Given the focus on the S&P 500 as we approach all-time highs, the chart they find most interesting is the S&P 500 vs the US Macro Surprises divergence...

 

 

The big question is which one will prove to be correct? For now, the S&P 500 continues to “ignore” the data...