1.Spurious or Curious?
$.SPX(.SPX)$ $.DJI(.DJI)$ put together an illustrative custom index that switches between US & UK equities each month, based solely on past month’s rainfall, where instances of >40mm of rain at Heathrow during the previous month triggers a switch from the S&P United Kingdom BMI [Broad Market Index] to the S&P 500 until next month.
Remarkably, at least historically, it appears to have added a decent amount of value. Definitely curious… 🤔
2.Interesting thing about the move in Chinese stocks is that the reaction to stepped up stimulus is obvious...
What's slightly less obvious is that it's stuck -- it hasn't been a surge and slump, so there sure seems to be something to it:
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