Global Small Value vs US Large Growth: Trend Shift & Tech Stock Rally
Global Small Value vs US Large Growth
-had been ranging, attempting to bottom
-now appears to have broken down
-trend is not your friend just yet
That said, this is one of the biggest relative value opportunities in Global Equities right now
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US companies have seen a tailwind from falling effective corporate tax rates -- but how low can they go?
Is this trend at an end?
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Tech Stock Risk-On $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $DJIA(.DJI)$ $GLOBAL X DOW 30® COVERED CALL ETF(DJIA)$
-rally in tech supported by risk pricing
-tech CDS back to bottom of range
-bullish, but also now complacent
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https://x.com/topdowncharts/status/1812623172958654697
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