From the desk of Steven Strazza @Sstrazza and Grant Hawkridge @granthawkridge
In today’s post, we’ll discuss some of our favorite and most important intermarket ratios and see what they’re suggesting for markets and risk appetite around the globe.
One thing we found interesting when digging through these charts is that many of them look a lot like stocks do right now.
Sideways. Range-bound. Messy. But, within the context of underlying uptrends.
So these are basically just continuation patterns on shorter timeframes.
But, after consolidating for months and even quarters now, we are beginning to see some resolve higher… kind of like we’re seeing from stocks on an absolute basis.
Coincidence? Probably not.
We think this makes a lot of sense and bodes well for risk assets. Let’s take a look at some of these charts now.