This chart may be a key reason the stock market is plunging

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This chart may be a key reason the stock market is plunging:

 

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This chart shows how closely the stock market is tracking a selloff from the 1950sInvestors shouldn’t try to use it as a playbook for the current pullback, but it is worth noting that price action in the stock market over the last 12 months correlates most closely with the period running from October 1956 to October 1957, says technical analyst Jeff deGraaf. Did they have algorithms and computers doing the mass tradings back then? Nah. PPT will rig it up. Powell will be flexible. No such thing as recession. Buy buy buy. People see what they want to see. I have seen the charts for a Bull case too.
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A Bank of America currency chart shows how the stock market rally still has legsBank of America-Merrill Lynch's Paul Ciana uses a currency chart to show the broad market's 'risk on' rally has legs.
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Steve Rattner charts the volatile stock marketThe Federal Reserve raised interest rates Wednesday and the stock market promptly crumbled, putting the Standard & Poor’s index on track for its worst December since the Great Depression. What is going on? Steve Rattner returns with charts to discuss. SteveRattner SteveRattner Why 15, not 12 or 18 or 9? SteveRattner So much losing realDonaldTrump
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