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As Goes HOG, So Goes The S&P 500?

Published 07/22/2014, 10:19 AM
Updated 07/09/2023, 06:31 AM

Harley-Davidson

Is it true that Harley-Davidson (NYSE:HOG) paces the S&P 500?" In my opinion, that's a stretch. Could HOG tell us something about consumption -- or lack thereof -- by a certain class of baby boomers? It's Possible.

HOG remained above a key support line for 10 years. Once support broke at (1) above, HOG lost over 75% of its value and the S&P 500 shrank as well. The chart above reflects a support line that is at the same angle as prior 10-year support that could be giving way.

I don't feel we should make major allocation adjustments based on the action of one stock. I am of the opinion that it's worth keeping track of stocks like HOG for a potential sense of consumption and how certain consumers are acting/feeling.

Latest comments

Apparently not.
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