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The SPREAD closed Friday 1/10/20, at 5,330.57 off -18.26% (-0.34%) this past week versus off -4.14% (-0.08%) the previous week. The current discount to the
52-week
high at off -1.45%. One definition of a correction is a discount to the 52 week high
of 10%. A bear market is a discount to the 52 week high of 20%.
The
SPREAD set a new all-time high at 5,408.74 on 8/29/18 and the 52
week low is 4629.04
set on 1/14/19. The SPREAD is off -32.29% (-0.60%) for 2020, up +1022.61 (+23.61%) for 2019. It finished 2016 up 23.93% and 2017 up 15.44% and 2018.
Looking
at the 30 day chart above (top left) we can see a softening at the end of
last week.
Watch closer!
The markets should follow the SPREAD. |
