Today’s chart of the day was shared on Twitter by Charlie Bilello (@charliebilello). It’s a ratio chart of the small-cap Russell 2000 Index relative to the large-cap S&P 500 ($IWM/$SPY). It’s currently at its lowest level since 2003. When this ratio is falling it means small-caps are underperforming large-caps and vice vera. The relative weakness of […]
The Power of Cash and Inaction
At The Chart Report we pride ourselves on covering the most robust trends in asset classes around the globe. However, something we don’t discuss too often is trendless markets, like the ones major US and World Equity Indices have been stuck in for over 16-months. This rangebound action is illustrated well by the MSCI All-Country […]
Taking a Look at Global Market Relationships
As Q1 2019 comes to a close, there is a lot of chatter about the S&P 500 topping and a looming recession sparked by a yield curve inversion. That’s great and all but there is plenty more to analyze out there than just one US based index. Investors have other important decisions to factor in, […]
Emerging Markets Outperformance To Continue?
2018 was a challenging year for global markets overall. While the S&P 500 finished down -7.6%, Emerging Markets were hit harder ending -19.4%. With 2019 off to a great start for both assets, an interesting analysis is how Emerging Markets began to outperform the S&P 500 in October when US markets peaked. Since October 1st, […]
Checking In On Small-Cap Relative Strength
Whether you saw the late December to February rally in the stock market coming or not, bulls can feel confident with risk-on sectors leading the market higher. One of these important sectors is Small-Caps. Since the December 24th low, Small-Caps (IWM) are up 19%. Mid-Caps (MDY) are up 18.5% and Large-Caps (SPY) are up 15.2%. […]