CHART OF THE DAY: The Glaring Divergence Between US And Chinese Stocks

Sam Ro | Aug. 31, 2012, 12:40 PM | 623|

Earlier today, the Shanghai Composite index fell to its lowest level since February 2009.

Meanwhile, the S&P 500 has been on the rise in what Also Sprach Analyst is calling "glaring divergence."

Jeff Gundlach recently told Business Insider that this relationship won't last forever.? "Thus short SPXlong SHCOMP could be an interesting speculation. ?Probably a better trade today than the short SPX/long IBEX trade that has worked well since I recommended it at Ira Sohn (up 8.3% on the pair trade)."

Here's a chart via Also Sprach Analyst showing the divergence:

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Tags: Chart Of The Day, Shanghai Composite Index | Get Alerts for these topics ?

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