📈S&P 500 Outperformance Over Nasdaq Stretched: Cable FX Macro
- Rosbel Durán
- Feb 7, 2024
- 1 min read
The S&P 500 Index is outperforming the Nasdaq 100 since mid-2023, however, the differential is now looking stretched as the 1-year performance spread is 10.4 points in favour of SPX
SPX/NDX performance diff has a 1-year median of 0.6 points, this leaves the most recent spread reading almost two standard deviations away from its mean
While anything could happen from here, at these levels one could be more comfortable to say that either the Nasdaq catches up or the S&P 500 pulls back
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