Don't Think 1218: The S&P is at 1080

by: The Stalwart

From Barrons. Chart caption (see below) points out that ex-energy, the S&P is down 10% YTD, says The Stalwart. Even if energy companies are making a lot of cash, essentially The World Economy, Inc. is paying more for one of its primary COGS. Thus when gauging our situation, perhaps the S&P down 10% to 1080 is a better measure. Chart:

S&P ex-energy

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