Search Results for: divergence

Volatility Divergence – VIX and MOVE The volatility divergence between VIX and MOVE remains elevated. Image: Gavekal, Macrobond

China GDP – Longer-Term Growth Divergence Between China and the Rest of the World The divergence between China and the rest of the world is expecting to increase over time. Image: Deutsche Bank

Volatility Divergence – VIX vs. MOVE When MOVE is below the 50th percentile and VIX is above the 80th percentile, the average annualized S&P 500 price performance has been close to +21% compared to just over +7% the rest of the time. Image: Bloomberg

U.S. Stocks and U.S. Bonds: Returns Following Fund Flow Divergence In 2019, bond fund flows outpaced stock fund flows. The difference is the largest ever recorded ($588bn). Image: BlackRock Investment Institute

Divergence Between the 2-Year U.S. Treasury Yield and the U.S. Dollar Trump wants a weaker US dollar, but could the dollar weaken in the coming months? Image: Legg Mason

Gold and the Misery Index The divergence between gold and the misery index is widening. Image: BofA Global Research

S&P 500 Index and U.S. Corporate High Yield Average OAS Is the divergence between high yields and the S&P 500 index an early sign of tapering? Image: Nordea and Macrobond

S&P 500 and the 14-Day RSI Lower highs signal a bearish divergence on the 14-day relative strength index. Is a trend change imminent for the S&P 500? Image: BofA Global Research

S&P 500 and Investment Grade Bonds The divergence between investment grade bonds and the S&P 500 tends to be a bearish signal for the S&P 500. Image: BofA Global Research

S&P 500 and 3-Month VIX Relative to VIX (VIX3M/VIX) The 3-month VIX relative to VIX (VIX3M/VIX) now shows a bearish divergence, which tends to be a bearish signal for the S&P 500. Image: BofA Global Research