jeudi, juin 21, 2007

US YIELD CURVE AND SP500

I few months ago everybody was speaking about the inverted yield (black line) curve in the US.
There was a concern that the inversion may be bad for stocks.
Recently the curve moves into positive territory and nobody seems to care about that.
But as you can see on the chart over the last 10 years the SP 500 (red line) and the
yield curve have often moved in opposite directions(correlation = -0.056).


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