Macro Monday
. Once again the data tells us that the extraordinary rally off the March lows has been extremely narrow. The rally has yet to produce significant improvement to the underlying fundamentals of the names that are contained within the indices. The Bull - Bear ratio remains weak, unable to reach anything more than a .30 - .40 which is a shadow of its former self. Any underlying fundamental strength exists within the ETFs is in Healthcare and to some extent, tech. As far as relative strength is concerned gold, bonds and currencies outperform all other assets. Compared to the rest of the world China is showing more resilient relative Strength against our benchmark with is the SPY. Watch today's video to see how we use the Chaikin Analytics app to gain our weekly 30,000 ft. view of the market.
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