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Monday, 24 November 2014

Charts today - Thanksgiving week, S&P records, OPEC, guns, Congress & ECB QE

Charts today should really start with the better news...Thanksgiving week is generally good for the markets:

So will the S&P500 index break last year's record close number?  That looks likely but it is still some way behind the record: 


Of course we have OPEC's meeting to think about.  Interesting mixed correlation chart on the left below:
Issues in Russia/Ukraine rumble on.  I thought this link talking about a potential new movement of heavy/sophisticated weapons was interesting.  Either way, the Ukrainian currency has been slammed in the last year (as has the Russian rouble): 
 Talking about lethal weapons an interesting perspective on guns...


...and US congressional wealth:


Finally, in a single chart, why ECB QE if announced could/likely would have a big impact: 



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