Economics
Are Growth Stocks About To Experience More Selling?
It’s pretty simple. Growth stocks do not perform well when indicators like a strengthening US Dollar, rising interest rates, and slowing growth take…
It’s pretty simple. Growth stocks do not perform well when indicators like a strengthening US Dollar, rising interest rates, and slowing growth take place.
Hence, see the chart below.
This is a ratio of the Growth Stocks ETF (VUG) to the Value Stocks ETF (VTV). And it’s a bit ugly of late.
As you can see, the Growth/Value ratio double topped and headed decisively lower. It’s currently trading well off the highs as the aforementioned market environment has not been good for growth oriented stocks.
So, will it get worse? Better? Well, a big test is taking place at (2) on the chart below. The ratio is testing it’s up-trend line and price area of prior months closing lows. A close this month below the up-trend line would be bad news.
What happens at (2), might go a long way in determining if the growth story is in real trouble… or ready to bounce back. Stay tuned!
Ratio Chart: Growth ETF $VUG to Value ETF $VTV
Note that KimbleCharting is offering a 2 week Free trial to See It Market readers. Just send me an email to [email protected] for details to get set up.
Twitter: @KimbleCharting
Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
The post Are Growth Stocks About To Experience More Selling? appeared first on See It Market.
Argentina Is One of the Most Regulated Countries in the World
In the coming days and weeks, we can expect further, far‐reaching reform proposals that will go through the Argentine congress.
Crypto, Crude, & Crap Stocks Rally As Yield Curve Steepens, Rate-Cut Hopes Soar
Crypto, Crude, & Crap Stocks Rally As Yield Curve Steepens, Rate-Cut Hopes Soar
A weird week of macro data – strong jobless claims but…
Fed Pivot: A Blend of Confidence and Folly
Fed Pivot: Charting a New Course in Economic Strategy Dec 22, 2023 Introduction In the dynamic world of economics, the Federal Reserve, the central bank…