Chart of the Day: S&P 500 priced in oil and gold

    Prices in oil, gold, and stocks have been skyrocketing and falling with the drop of a hat, reports Bespoke Investment Group. Gold and oil follow similar patterns in their ratios to the S&P 500, as they are both inversely correlated to the dollar. The S&P 500 is trading at a whole 42 times the prices of a barrel of crude oil, and almost two times the price of an ounce of gold. That stock to oil ratio is the highest the markets have seen in more than 10 years.

     

    SPX-vs-Gold

    SPX-vs-Oil