Fairly clear and reliable 🚩for stocks
Fairly clear and reliable 🚩for stocks
global Cyclicals vs Defensives relative performance line recently capped out at the top end of its trend channel — this is something that signaled 3 major market peaks over the past decade.
Hence, for the MSCI All Countries World Index (global equities), a red flag is clearly waving.
Maybe it's different this time, but definitely worth stepping up your focus on risk management (take some time out to think about your plan, triggers, indicator set and framework... regardless of what happens). $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ(.IXIC)$ $NASDAQ 100(NDX)$ $DJIA(.DJI)$ $GLOBAL X DOW 30® COVERED CALL ETF(DJIA)$
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Speaking of so-called "Cyclicals vs Defensives"
>> Which one of the two lines below would you rather buy?
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https://twitter.com/Callum_Thomas/status/1787686577327775807
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- Diego Degese·05-08The cyclicals vs defensives chart is a clear red flag for market peaks.LikeReport