Monday Macro – warning signs

Apologies – it’s a chartastic start to this week. I’d be concerned by what these charts are telling us. Plus, maybe equity income’s time in the sun has come.

I’m still stuck slightly in bearish mode I’m afraid and to help understand why, I have a veritable flood of charts. The first shows the S&P 500 – US large-cap equities – versus the UK large-cap index, the FTSE 100.  There are lots of colors on the first chart below but I think you can spot the important ones – the S&P 500 is in black and the FTSE 100 is…