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
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
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 – Staples 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…...
Long-Term Relative Ratio Charts – Consumer Sector
Beginning with this post I aim to show 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…...
Where’s Waldo?
In this May-18 post I discussed the significant implications – for both equities and bonds – of the bearish pattern that had emerged in the ratio b/t the SPX and 30-yr rates. In my view, that pattern was highly analogous…...
Hand-in-Glove
As I recently detailed in this post, for whatever reason, the ratio of gold/silver and the Nikkei have been highly correlated across history. The correlation has certainly broken down at times, but when the ratio makes big directional moves, it…...
Nikkei Consolidation Finally Complete?
The Nikkei’s prominent Mar-Nov-12 peak and subsequent corrective/consolidation (A) looks an awful lot like the the recent Jan-18-current version (B), which I compare in the chart below. Via the analog, note the similarities b/t the respective periods’ corrections and consolidations. Also note…...
EM/SPX Approaching 50-Yr Support
I plot the ratio of GFD’s EM Index vs. the SPX across history below. The ratio, including this week’s to-date ~290 bps decline, has us but a few %-points away from reaching 50-yr support This is a noteworthy development. The…...
Gold/Silver Ratio – Confirmed August-1929 Style Break-Out & Cross-Asset Implications
Below I plot the ratio of gold vs. silver. August closed with a clean break above resistance dating back to the very early 1990s. A longer-term look at the ratio is even more revealing. It shows that the bear cycle…...