Is this my imagination or the reality? Am I not mistaken there has been a recent big shift in the ratio?
There is a drop on a very short time frame, but nothing that will hint at a sharp drop in markets yet. The shift in PC right now suggests that we will have something like a 5-7% correction starting a couple months from now and lasting for a few months. The data on the graphs are the same but the top is smoothed more than the bottom.