[Attention Surplus Disorder]

You'll see that ALL the time EXCEPT when a notably strong sector rotation is going on...under "normal" conditions one S&P point is worth 7-10 DJIA points. Eg; they most generally work in direct tandem, together, one doesn't "forecast" or "lag" the other.

I agree with you, though, something weird is going on. (if that's what you're saying!)

[Beagle8U]

That was my point (poorly worded) that working in tandem at those % it does forecast a trend.