From the desk of Steve Strazza @Sstrazza
Our Top 10 Charts Report was just published.
In this weekly note, we highlight 10 of the most important charts or themes we’re currently seeing in asset classes around the world.
Consumers Favor Discretionary
The Equal Weight Consumer Discretionary vs. Equal Weight Consumer Staples ratio is resolving higher from a rounding bottom reversal pattern. Seeing this ratio make an upside resolution is a characteristic of bull markets as it indicates offensive positioning by investors and supports higher prices for risk assets.
