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S&P 500 running hot

posted 16 Nov 2013, 17:41 by Ronald Bewley
Our exuberance measure just posted with the weeklies under market updates for the S&P 500 is +4.9% - which is just short of our signal for a correction at +6%. With the S&P 500 just about to cross 1,800 for the first time, another strong gain this week could trigger a correction in the US. Will this flow on to our market? As we argued in our Woodhall Weekly yesterday, there is currently a bit of a disconnect between the two markets so fingers crossed!