1 Year. BAL and TWE outperformed XSJ
BAL rose 463.64%
GNC fell 15.40%
TWE rose 77.25%
XSJ fell 15.95%
Today the price actions are against fundamentals.
XSJ dropped 3.47%
XDJ closed at negative 0.24% where it was positive for most of the day.
U.S. CCI consumers confidence exacerbated stocks sell-off. When markets are in fear the consumer staples tend to outperform the consumer discretionary because consumers do NOT "want" to spend.
Check it out tomorrow to see if XSJ is rising or not. If it's yes then I'll know the market is crazy.
During economy expansion, the U.S. is going to accommodate "gradual" approach to more interest rate hikes.
It's going to take time for them to rise once more so USD is going to outperform all currencies because the US is only one of the world growth engines.
BAL and GNC are vulnerable to stronger USD because soft commodities are affected by rising USD.
Whereas TWE is taking all the advantages of a stronger USD
In the expansion cycle with lower interest rates. XDJ tends to surge stronger than XSJ.
So the rising XDJ could tell the tail of an economy that it's NOT bad at all.
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