S&P 500’s Link to Fed Assets Seen as Warning Sign: Chart of Day
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U.S. stocks are tracking a surge in the Federal Reserve’s assets too closely for comfort, according to Albert Edwards, a global strategist at Societe Generale.
The CHART OF THE DAY compares the Standard & Poor’s 500 Index with the total assets held by the Fed since stocks began their current bull market about two years ago. Edwards included a similar chart today in a report.