A Rare and Compelling EM Equity Long Amid Widespread Global Asset Class Carnage

A Rare and Compelling EM Equity Long Amid Widespread Global Asset Class Carnage

In the first chart below I plot the ratio of the Bovespa Total Return Index (IBOV) vs. the SPX Total Return Index.  The ratio appears to be staging a clean, noteworthy break above falling resistance that’s been in place since…...

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Ratio of SPX High vs. Low Beta Indices Reaching Decade-Long Support

Ratio of SPX High vs. Low Beta Indices Reaching Decade-Long Support

Below I plot the ratio of the SPX high-beta index vs. its low-beta cousin.  Note the ratio is reaching decade-long support that works off the major 2009 GFC low and early 2016 global commodity/equity low that pivoted risk assets higher…...

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LONG-TERM RELATIVE RATIO CHARTS – Global Composites

LONG-TERM RELATIVE RATIO CHARTS – Global Composites

Beginning with this post I began showing the relative ratios of all US equity industries vs. the SPX across their entire history.  Today, I switch gears and show ratios of major global composites vs. the SPX, mostly non-US ones.  This will help spell out where…...

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LONG-TERM RELATIVE RATIO CHARTS – Transportation SECTOR

LONG-TERM RELATIVE RATIO CHARTS – Transportation SECTOR

Beginning with this post I began showing the relative ratios of all US equity industries vs. the SPX across their entire history.  Posts will be grouped by sector, and each sector post will show all the relative sub-industries within it.  I’ve generally tried to only…...

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Equities vs. Commodities - Something Still Has to Give

Equities vs. Commodities – Something Still Has to Give

Throughout 2018 I’ve covered the historically fast and deep decline in commodities vs. stocks over the decade that has ensued since the former peaked in 2008.   See here and here as background. I wanted to revisit the topic again just…...

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LONG-TERM RELATIVE RATIO CHARTS – Materials SECTOR

LONG-TERM RELATIVE RATIO CHARTS – Materials SECTOR

Beginning with this post I began showing the relative ratios of all US equity industries vs. the SPX across their entire history.  Posts will be grouped by sector, and each sector post will show all the relative sub-industries within it.  I’ve generally tried to only…...

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LONG-TERM RELATIVE RATIO CHARTS – Tech SECTOR

LONG-TERM RELATIVE RATIO CHARTS – Tech SECTOR

Beginning with this post I began showing the relative ratios of all US equity industries vs. the SPX across their entire history.  Posts will be grouped by sector, and each sector post will show all the relative sub-industries within it.  I’ve generally tried to only…...

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LONG-TERM RELATIVE RATIO CHARTS – Industrial SECTOR

LONG-TERM RELATIVE RATIO CHARTS – Industrial SECTOR

Beginning with this post I began showing the relative ratios of all US equity industries vs. the SPX across their entire history.  Posts will be grouped by sector, and each sector post will show all the relative sub-industries within it.  I’ve generally tried to only…

LONG-TERM RELATIVE RATIO CHARTS – Healthcare Sector

LONG-TERM RELATIVE RATIO CHARTS – Healthcare Sector

Beginning with this post I began showing the relative ratios of all US equity industries vs. the SPX across their entire history.  Posts will be grouped by sector, and each sector post will show all the relative sub-industries within it.  I’ve generally tried to only…

LONG-TERM RELATIVE RATIO CHARTS – Energy SECTOR

LONG-TERM RELATIVE RATIO CHARTS – Energy SECTOR

Beginning with this post I began showing the relative ratios of all US equity industries vs. the SPX across their entire history.  Posts will be grouped by sector, and each sector post will show all the relative sub-industries within it.  I’ve generally tried to only…...

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