SPX on upper valuation band in a rising yield environment.
The top chart shows the US 10 Year government bond yield. We are currently in a rising yield environment.
The bottom chart shows that the SPX is at the upper channel and there is a risk of a significant drop in SPX in the coming years.
The middle chart shows the ratio of Gold/SPX. Gold has been underperforming but there are 5 to 10 year periods of gold outperformance over SPX.
The bottom chart shows that the SPX is at the upper channel and there is a risk of a significant drop in SPX in the coming years.
The middle chart shows the ratio of Gold/SPX. Gold has been underperforming but there are 5 to 10 year periods of gold outperformance over SPX.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.