Description
⋅ some recent chatter in the Unum Trading room:
"Can you please have a look at +IPL/-BVT? The gap appears wide relative to historical performance. " @Lester_Davids
"Yes, I picked this up two weeks ago, and not going that great so far. Also waiting for this gap to close." @michaelporter
"Thanks Michael. IPL seems to be forming a double bottom developing, so we may be nearing the end of the decoupling. " @lester_davids
"A small move starting. IPL + 3.4% / BVT -1.25%" @lester_davids
Having a look at the relative chart, it looks like the pair +IPL/-BVT is starting to converge.