Flashback: NASDAQ 100 / S&P 500 -- Update -- August 31, 2021

ZeroHedge a year ago. NASDAQ 100 / S&P 500 = 3.30

Nope, we did not peak? But pretty close. Today:

15,233 / 4,521 = 3.37

On another note, the S&P 500 has 328 all-time highs since the start of 2013. This is one more than the epic run from 1989 - 2000 in which the S&P 500 hit 327 all-time highs. Link here. Tea leaves suggest the current run is not yet over.

For 2021, to date: 53 record highs recorded. Link here.

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Europe, energy: unstoppable, natural gas, electricity and CO2 prices in Europe are setting new highs today, August 30, 2021. Triple-digit electricity prices are becoming common across Europe. Spanish day-ahead electricity prices are soaring. See next item.

Europe, energy: another day, another price increase for European power and natural gas. UK natural gas surges to an all-time high, traing above the equivalent of $17 per mBtu.

Meanwhile in Spain, the poster child for renewable energy, day-ahead electricity prices surge above $156 per MWh. And this is before winter arrives. Link here. 

Got coal? Rising energy prices send German inflation to 13-year high. Link to Tsvetana Paraskova.