In this edition of Sector Spotlight, as it is the first Tuesday of the new month, I take a look at the monthly charts for asset classes and US sectors. Most of the (strong) monthly trends are still intact. The long-term chart of the 10-2 yield curve, in combination with the S&P 500, is something to keep an eye on, as I points out a few previous occasions of yield curve steepening that led to a decline in the S&P 500. I wrap up the show with an update for my Long/Short basket, replacing one short with a new one!
This video was originally broadcast on November 3rd, 2020. Click anywhere on the Sector Spotlight logo above to view on our dedicated Sector Spotlight page, or click this link to watch on YouTube.
Sector Spotlight airs weekly on Tuesdays at 10:30-11:00am ET. Past episodes can be found here.
I also made a guest appearance on today's episode of The Final Bar with David Keller, in which I visualized the stock-bond ratio and showed how that relates to a steepening yield curve. You can watch below; my segment begins at 13:27.
#StaySafe, -Julius
Julius de Kempenaer
Senior Technical Analyst, StockCharts.com
Creator, Relative Rotation Graphs
Founder, RRG Research
Host of: Sector Spotlight
Please find my handles for social media channels under the Bio below.
Feedback, comments or questions are welcome at Juliusdk@stockcharts.com. I cannot promise to respond to each and every message, but I will certainly read them and, where reasonably possible, use the feedback and comments or answer questions.
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