The financial markets are always a challenge to discern but it seems to me that they are getting more difficult to understand these days. I've been a bull since the first LTRO last December 21st but I'm concerned about multiple divergences and skewed inter market relationships. I've been purposely trying to stay away from following the financial news as what I'm reading seems to be at odds with these divergences.
I'll be identifying these divergences in this week's commentary and offering up an appraisal of where these markets may be headed.
Here's the Wilshire 5000 Index which is the entire US Stock Market: