Exploring the correlations between CA, US markets and safe havens (TLT, GLD).
The Macro Axis website also has very interesting correlations tables & tools.
2019 seemed quite bullish, but comparing S&P constituents by size shows a clear divergence year to date:
- Large caps (blue) SPY are in an up-trend
- Mid caps (grey) AMEX:IJH are sideways.
- But small caps (orange) AMEX:IJR are in a downtrend ever since 2018 (lower highs & lows).
Not to say we're on the verge of a correction, but this shows that...
