In every market there are leaders and there are laggards. This is the case in both bull and bear markets. Regardless of the environment, some stocks and sectors will simply outperform others. Sometimes, this relative performance tells us a lot about the overall risk-appetite for institutional investors and in which direction they are headed.
Today’s Chart Of The Week is extra informative because we are seeing a major breakout taking place after 7 years in decline. This one peaked in March 2009, just as the U.S. Stock Market bottomed. Today it is breaking out once again. What does this say for risk appetite?
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