As a side note GE has been slowly building momentum after an extended period of stagnation while the SPY has risen.....an unusual situation given GE's diversification across multiple sectors and the generally high ratings by analysts.
As can be seen from the first set of equity charts below XIV has really lost its mojo relative to the SPY and we really need to see it pick up the pace if the bull run is to continue up to the targets mentioned yesterday. Economic data tomorrow may provide some volatility but in hindsight previous bad employment and productivity reports have largely been ignored by the markets as a temporary product of the record bad weather this winter.
