Is the Euro Driving the S&P500?

In case you haven’t noticed recently the Euro and S&P500 seem to be moving together almost tick for tick.   Here are the daily moves in futures over the past month.  Makes you think they’re both dancing to the same tune by the Algorithmics, no?

P.S.  It doesn’t look like the first day of the Euro “summit to end all summits” went well. Let’s hope the Euros get it together or we’re all gonna be in a world of hurt.

(click here if chart is not observable)

This entry was posted in Black Swan Watch, Charts, Equities, Euro, PIIGS, Sovereign Debt, Sovereign Risk and tagged , , . Bookmark the permalink.

1 Response to Is the Euro Driving the S&P500?

  1. Pingback: Sunday links: emerging bids | Abnormal Returns

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