This chart cover the recent shift to risk-off. The US Dollar Index ($USD) and the 30-Year US Treasury ($USB) are leading over the last six months as both trade near six month highs. Spot Gold ($GOLD) and Spot Light Crude ($WTIC) are lagging as both trade near six month lows. The S&P 500 is somewhere in the middle, trying to make up its mind. Should this risk-off trend continue, $SPX is likely to join oil and gold at the bottom of this chart.
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