How to use:

Indices vs Sectors: Find the winner in the outperforming sector.

UST 10Y Yield: Long term optimism for US economy.

Oil/Gold & Tips & Inflation Expectation: CPI

Copper/Gold: PPI

HYG/LQD & Gold+JPY

• HYG/LQD down & Gold+JPY up: Institutes Risk OFF
• HYG/LQD up & Gold+JPY down: Institutes Risk ON

Banks&Estate&Transportatino outperforming: Improving Econ Outlook.

Energy=Economic Activities

Agricultural=Food

Metal=Industrial

Precious Metal=Market Risk Preference