A Bullish Sign: Weak Non-Cyclical Sectors
A very basic but time-proven way to measure risk appetite in equity markets is to follow the performance of cyclical versus non-cyclical market sectors. During times of better performing economies the so called cyclically sensitive sectors tend to outperform. Stocks such as Caterpillar (CAT) in the industrial sector or Dick’s Sporting Goods (DKS) in the […]