In this weekly note, we highlight 10 of the most important charts or themes we're currently seeing in asset classes around the world.
Insurance Claims a Leadership Role
The Equal Weight SPDR Insurance ETF(KIE) just closed at its highest level since April. One thing we know about relative strength is that the stocks and indexes that hold up best during bear markets tend to be the first to make new highs when the selling pressure subsides. We think this group will continue to outperform in the future as it completes a failed head & shoulder top and is only 3% from fresh all-time highs.
