An Intermediate Peak In Cyclicals and Rates

​A faster deployment of vaccines has improved the odds of a faster re-opening and economic recovery.  Small caps as well as cyclical stocks have outperformed the market over the past six months.  However, most intermarket relationships are indicating that this outperformance is in its late innings and investor should look to reposition portfolios. 
 
Here is a look at the Dark Arts of Intermarket Analysis.

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