Pete and Frank take a breather from advanced topics to check in on the stock market's performance in the first half of the year. While they find a strong market, the four major stock indices - S&P 500, Dow Jones, Nasdaq, Russell - have varied largely in their performance.
Thus the conversation moves from a matter of strength to a matter of relative strength in the markets. The guys measure the variance in the markets and contextualize it with historical variances to find the greatest extreme, and then they trade it using futures. Check out which relationship is the most extreme halfway into 2019.