sp trend16 Jul 2018 11:13
Very roughly, the sp has dropped in proportion to the total assets which have declined YonY for the last 3 years. It is difficult to see any driver for a sp recovery. It continues to fall even though there appears to be more buys than sells today, but with such a small spread the stats are probably unreliable. Occasional blips upwards in the overall downtrend are probably due to investors buying in thinking we have reached bottom.