My Partner, Todd Jordan, is a 'math guy' from the Chicago School of Economics. With a "T" Stat of 2.44, his work below suggests that these correlations are statistically significant. The correlation was 0.45, and the R Square 0.21.
The question for the US stock market is where does Johnny Mac go from here?
- McCain's Runnup Signalling A Near Term Top?
Todd Jordan's Overlays