Important Information for Visitors

Privacy Policy    Disclaimer   Contact Us

Home

© Copyright 2016 Topdown Charts Limited

VIDEO: US Cyclicals vs Defensives and the new Bull Market

December 12, 2017

In this video we look at the astounding relative performance seen between cyclical stocks vs defensive stocks and why it matters so much for the overall market outlook.  Specifically, the video walks you through a couple of slides of a recent edition of the Weekly Macro Themes report.  In the video we talk through 4 key charts: i. How it's really been cyclicals driving the new bull market over the last 12-18 months; ii. How the surge in cyclicals relative performance maps to the improvement in the ISM manufacturing PMI; iii. How relative valuation signals have become stretched along with the stretched relative price movement; and iv. How cyclical sector absolute valuations have gone parabolic and look in many ways very similar to that seen during previous major market tops.  While there are opportunities in taking positions around cyclicals, defensives, or long-short trades, the other key takeaway is that what happens next in cyclicals could be key for the market outlook, in this respect the risk level looks elevated.

 

Be sure to subscribe to the Topdown Charts YouTube channel:   https://www.youtube.com/channel/UCtZDzcHrtCDpCWeVid1qSRQ

 

 

 

 

Follow us on:

LinkedIn https://www.linkedin.com/company/topdown-charts

Twitter http://www.twitter.com/topdowncharts

 

 

Please reload

Follow us for updates:
  • Twitter Social Icon
  • LinkedIn Social Icon
Subscribe:

Top 5 Charts Of The Week

Institutional Reports

-Weekly Macro Themes

-Global Cross Asset Monitor

-Monthly Chartbook

access our exclusive research for deeper insights:

 

>>  Become a Client  <<

Search By Tags
Archive
Please reload

Important Notice

We offer exclusive insights for institutional clients with our suite of multi-asset investment research reports, personalized service, & global perspective.

Take a trial today...

Become a Client