We retired our "Five Bull Market Barometers" in 2020 to make room for a new weekly post that's focused on the three most important charts for the week ahead.
This is that post, so let's jump into this week's edition.
In this weekly note, we highlight 10 of the most important charts or themes we’re currently seeing in asset classes around the world.
New Relative Lows for Growth
The relationship between growth and value has leaned heavily in favor of cyclical stocks as we see fresh new lows in this ratio. As long as this downtrend is intact, the best course of action is to remain overweight value-oriented areas and stay away from growth.
Check out this week's Momentum Report, our weekly summation of all the major indexes at a Macro, International, Sector, and Industry Group level.
By analyzing the short-term data in these reports, we get a more tactical view of the current state of markets. This information then helps us put near-term developments into the big picture context and provides insights regarding the structural trends at play.
Let's jump right into it with some of the major takeaways from this week's report:
* ASC Plus Members can access the Momentum Report by clicking the link at the bottom of this post.
Macro Universe:
This week, our macro universe was slightly negative, as 64% of our list closed lower with a median return of -0.13%.
The 30-Year Yield $TYX was the winner again, closing with a 3.87% gain.
The biggest loser was Lumber $LB, with a weekly loss of -2.68%.
There was no change in the percentage of assets on our list within 5% of their 52-week highs – currently at 2%.
15% of our macro list made fresh 4-week highs, and 9...