Not to long ago I discussed the Election Indicator, and it's surprising ability to accurately predict the election 86% of the time. Of course that indicator was the stock market which is a barometer of the business economy.
Here is another indicator we heard a lot about this past year. It's the "Oil Indicator".
For awhile oil and equities were lock step with each other. In fact if neither line were labeled you'd have a hard time distinguishing between them.
Then all of a sudden in mid-April things started to change. They started moving in near opposite directions at times since then.
It's not exactly clear why they were so closely correlated, and then parted ways. However it just reinforces not every "indicator" can be accurate 100% of the time.
Here is another indicator we heard a lot about this past year. It's the "Oil Indicator".
For awhile oil and equities were lock step with each other. In fact if neither line were labeled you'd have a hard time distinguishing between them.
Then all of a sudden in mid-April things started to change. They started moving in near opposite directions at times since then.
It's not exactly clear why they were so closely correlated, and then parted ways. However it just reinforces not every "indicator" can be accurate 100% of the time.
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