Cartoon of the Day: Dow(n) In the Dumps

The Dow is one of the many factors that registers a daily return in our globally interconnected model. Here’s how it looked vs. the major US Equity markets last week: 

1. Dow Jones Industrial Index was down -2.0% on the week to -0.6% YTD = Bearish TREND @Hedgeye
2. SP500 was down -0.9% on the week to +3.0% YTD = Bullish TREND @Hedgeye
3. NASDAQ was down -0.7% on the week to +11.4% YTD = Bullish TREND @Hedgeye
4. Russell 2000 was +0.1% on the week to +9.8% YTD = Bullish TREND @Hedgeye 

That’s right Sesame Street fans, “one of these things is not like the others – one of these things just doesn’t belong… can you tell which thing is not like the others, by the time I finish my song?” 

A: The Dow, Bro