Market Vitals: Chinese stocks doing their own thing. Wily Coyote phone home!

Chinese stocks are doing their own thing. Wily Coyote phone home!

Intermarket analysis can be useful. It can also be useless and lead one down the road of unfounded bias. Maybe we are there. But we keep thinking, based on what we see happening in China, sooner or later (and now sooner) the path being blazed by Chinese stocks will be followed by the other key asset classes that were once highly correlated. The divergence is growing...the chart right compares Chinese stocks, Dow Jones Industrial Average, Australian $-USD, and Commodities Index Daily basis:

Market Vitals | 28 August 2012 [] ~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~


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