Monetary Base, from Bill Rafter
Hefty relative changes in the Monetary Base and hefty relative changes (i.e. "corrections") in the S&P seem to be related. Sometimes the former leads, and sometimes it lags. Unfortunately (for the statistical researcher, as opposed to the Optimists) there are not that many examples. The question: is the current relative decline in Monbase related to the admittedly small SPX correction we have already experienced, or is there more to come? Is there anyone here skilled at looking around corners?