S&P 500 : Is The Smart Money Selling ?

If you been following my monthly updates on the SPY, you know that I've been long since 2012, and continue to be long at the moment. However the above chart kept me up all night this past weekend . This is the SPY adjusted with USD. It was brought to my attention by a good friend of mine. Looking at it , we can see that the ratio between the two has reached the top, back in July 2014. One could say that investors have slowly moved money away from stocks to the USD, which is currently one of the best (if not, the best) performing assets right now .

What do you think ?

Cheers

Algo