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S&P 500 at Inflection Points

Posted By Barry Ritholtz On October 10, 2013 @ 12:00 pm In Cycles,Markets | Comments Disabled

click for ginormous chart
SPX cycles [1]
Source: Standard & Poor’s, First Call, Compustat, FactSet, J.P. Morgan

 

Its time for the update of one of our favorite massive charts, via the quarterly Market Insights JPM puts out. (Yeah, I criticize Dimon but that doesn’t mean he doesn’t have some insightful people working for him).

As you can see, we are about 3 S&P points below where the quarter ended, despite all of the noise [2]. This is why I suggest investors tuen out the short term, and focus on the longer term trends.

 

(You can download the full JPM Guide to Markets here [3]).


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2013/10/sp-500-inflection-points/

URLs in this post:

[1] Image: http://www.ritholtz.com/blog/wp-content/uploads/2013/10/SPX-cycles.png

[2] all of the noise: http://www.ritholtz.com/blog/2013/10/melt-up-government-shut-down-debt-ceiling-deal-edition/

[3] here: https://www.jpmorganfunds.com/cm/Satellite?UserFriendlyURL=diguidetomarkets&pagename=jpmfVanityWrapper

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