Bear Market has just Started.
The chart I am plotting here is the ratio chart between FMCG & Auto Sector. The logic is that during good times Discretionary sector does well & In Bad times Investors hide into consumer staples. As this chart is suggesting FMCG sector is at an record low compared with Auto Sector & has just begun to outperform which is an indicative that one should be cautious. Short Discretionary & long Staples is my trade going forward.
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