The Relative Rotation Graph below shows the rotational picture for a number of asset classes, based on ETFs, against the Vanguard Balanced index fund on a weekly basis. For some of these asset classes, the equivalent picture on a daily basis is confirming but for others it is contrarian. Or maybe I should say, confusing.
- Commodities confirming turnaround after long downtrend
- Short-term pattern in VNQ suggests longer-term weakness at hand
- SPY:IEF ratio at proving grounds