SOTHEBYS DIVERGENCE?
While Morgan Stanley and others (I assume) are suggesting to their investors to be overweight on consumer discretionary, I find it interesting that sothebys has been falling off with the market relatively flat. We saw sothebys divergence in early 2014 that preempted a modest market correction, and in the past, sothebys has rarely failed to follow market direction, when it has diverged, we saw the market drop (see Y2K bubble). Wondering if sothebys is telling us we'll see another test of something around 1820 in the coming year. Thoughts?
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