Are we reliving 2004? Daily level correlation with SPY…
Last November I posted regarding the interesting correlation (at the day of the month level) between SPY prices in 2003 and 2009. I updated that analysis with the last 44 days of data and things still line up surprisingly well. Six years later to the day, the SPY closing values are just slightly over a percent from each other (112.93 vs 114.19). The normalized …