Serious under performance of the Broker/Dealer Index

Since the new lows of Feb 11, SPX rallied a bit over 12% at last week’s high.  Compare that with the US Broker Dealer Index (XBD) which has only gone up 6.7%, and remains below the low of late September.  Not exactly the picture of a broad based bull market.  (Idea noted from Doug Noland’s Credit Bubble Bulletin).

SPX vs US BROKERDEALER

Posted on March 28, 2016 at 10:56 am by alexmanzara · Permalink
In: Eurodollar Options

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