Well, That’s a V-Shaped Recovery

I often like to look at how the Morgan Stanley Cyclical Index (^CYC) is performing relative to the S&P 500.
The past year has been a dramatic ride. Cyclicals led the market down, the led them back up. Here’s the CYC divided by the S&P 500.
If the equity market is correct, perhaps we’re in for a V-shaped recovery.

Posted by on September 28th, 2009 at 3:44 pm

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