Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

The Most Beautiful Correlation In The Market Continues To Work Perfectly

Joe WeisenthalMay 10, 2013, 14:22 IST

We've been posting this chart for ages, and been marveling forever at how beautiful it is, and it just never ceases to amaze us.

The relationship between initial jobless claims (red line) and the S&P 500 (blue line) has held remarkably strong for years now.

Initial jobless claims hit a brand new post-crisis low yesterday, and of course, the S&P 500 is making brand new highs.

Showing this chart is the perfect counterpoint to anyone saying that this is all a "Fed-driven" market and that there's no real-economy improvement to back it up.