As I shared in the chart, it is easy to see that the New York Composite Index and the S&P 500 have traded in lock-step over the past 15 years.  In 1999, the NYSE traded sideways for a few months while the S&P 500 continued to push higher.  After this period of underperformance by the NYSE, both declined in value. 

Of late the NYSE is lagging the 500’s performance at (3).  Humbly,  I don’t know why the NYSE is lagging the 500 index of late.  I do respect the message it would be sending if this underperformance would continue!

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past