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Looking for deeper insight on markets? In tonight’s Closer sent to Bespoke Institutional clients, after WTI futures have plunged over 4.6% in the course of the past two days, we show why the dive below the 50 and 200 day moving averages is not as alarming as it would have been for equities. Expanding on this, we show the dramatic underperformance of commodity related stocks. Next, we show the underperformance of the Russell 2000 including the divergence from the other major indices’ 14-day RSI. Switching over to economic data, we review the rebound in single family housing data.
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