Volatility Divergence – VIX vs. MOVE

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

S&P 500 and the 14-Day RSI

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

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)

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

S&P 500 vs. Korean KOSPI

S&P 500 vs. Korean KOSPI Is the current divergence between the Korean KOSPI and the S&P 500 a red flag? Image: Lohman Econometrics