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.