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Stock Indices | Currencies | Interest Rates - The EW-NAVIGATOR

In this edition: The biggest event of the year has gone largely unnoticed by the markets, but it’s only apparent from an Elliott Wave perspective. It’s the re-synchronisation of divergent stock and commodity markets. Back in early 2013 when the benchmark S&P 500 index soared to new record highs, commodity markets that had previously tracked the index in both amplitude and pattern began to diverge. At this time, commodities and their positively correlated indices formed secondary peaks below the year-2011 highs and even began declining afterwards. This correlation breakdown can only be explained in Elliott Wave terms, the necessity for each asset class to fulfill its own pattern development. Well, now a re-synchronisation of pattern has occurred, last January/February! It’s an amazing event and one which we highlighted would happen back in December ’14 in the annual report. This report updates the event and its implications across global stock markets and its effect on currencies and interest rates.

Contracts covered in this edition:

STOCK INDICES: S&P500, Russell 2000, XLF Financial, Nasdaq Biotech, MSCI Emerging Markets, China Enterprises Index, 

CURRENCIES (FX): US-Dollar Index, EUR/USD, USD/YEN, EUR/YEN

INTEREST RATES: US GDP, US PCE, US 10yr Yields, Germany 10yr Yields