Since the date the Bank of Japan (BoJ) increased the interest rate, there seems to have yet been tested an anomaly for the S&P 500 despite the strategists saying it is overvalued.
Source code:
library(tidyverse)
library(tidyquant)
library(timetk)
#S&P 500 (^GSPC)
df_sp500 <-
tq_get("^GSPC")
#Anomaly Plot
df_sp500 %>%
filter(date >= as.Date("2024-01-22")) %>%
anomalize(date, close) %>%
plot_anomalies(date,
.line_size = 1,
.interactive = FALSE,
.title = "<span style= 'color:red;'>Anomaly</span> Chart of the S&P 500") +
scale_x_date(breaks = seq(make_date(2024,1,22),
make_date(2025,1,22),
by = "month"),
labels = scales::label_date("%b'%y")) +
scale_y_continuous(labels = scales::label_currency()) +
geom_vline(xintercept = as.Date("2024-07-31"),
size = 1,
linetype= "dashed",
color = "orange") +
labs(subtitle = "<span style ='color:orange;'>The BoJ increased the interest rate</span>") +
theme_minimal(base_family = "Roboto Slab") +
theme(legend.position = "none",
panel.grid = element_blank(),
axis.text = element_text(face = "bold", size = 16),
axis.text.x = element_text(angle = 60, hjust = 1, vjust = 1),
plot.background = element_rect(fill = "snow", color = "snow"),
panel.grid.major.x = element_line(linetype = "dashed", color = "gray"),
panel.grid.major.y = element_line(linetype = "dashed", color = "gray"),
plot.subtitle = ggtext::element_markdown(size = 18),
plot.title = ggtext::element_markdown(size = 20, face = "bold"))



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