GE and the S&P 500 Finally Converge

GE And The S&P 500 Finally Converge

By Ironman of Political Calculations

Wednesday, May 23, 2018 8:57 AM EDT

We've been tracking the random, yet curiously synchronized movements of the S&P 500 (Index: SPX) and General Electric (NYSE: GE) since the S&P 500 peaked back on 26 January 2018, where the two have diverged and then nearly reconverged before diverging once again during that time.

But as of the close of trading on Tuesday, 22 May 2018, it would appear that GE has returned to the S&P 500 flock, where the trajectories of the two have converged once more. At least as measured by their percentage change since the 26 January 2018 peak for the S&P 500!

(Click on image to enlarge)

Percentage Change in S&P 500 and GE Stock Price Since 26 January 2018, 26 January 2018 through 22 May 2018

That condition may not last very long, but you have to appreciate the beauty of it all when it does!

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