S&P 500 Viewed as Better Than Gold After Slump: Chart
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U.S. stocks are poised to extend a rally relative to gold that was interrupted at midyear when the precious metal’s price climbed, according to Tobias Levkovich, Citigroup Inc.’s chief U.S. equity strategist.
The CHART OF THE DAY tracks the ratio between the Standard & Poor’s 500 Index and the price of gold for immediate delivery since 1928, when index calculations begin. Levkovich based his analysis on a similar chart, starting from 1888, that he cited in a Sept. 13 report.