![Food Retail on the Cusp of a Major, Long-Term Relative Break-Out](https://i0.wp.com/www.onlypricesmatter.com/wp-content/uploads/2019/06/2019-06-12-Ratio-DJ-Food-Retail-Wholesale-vs.-SPX-Monthly.png?resize=150%2C150)
Food Retail on the Cusp of a Major, Long-Term Relative Break-Out
Below I plot a long-term chart depicting the ratio of the DJ Food Retail & Wholesale Index vs. SPX on a monthly basis. You’ll note that with a few weeks left in June, we appear to be staging a major…...