Cyclicals Continue to Lead

Here’s a look at the Morgan Stanley Cyclical Index ($CYC) relative to the S&P 500.

The cyclicals grabbed the lead right after Mario Draghi said that the ECB would do “whatever it takes” to save the euro. As I said before, today is a high-beta rally. The Russell 2000 ($RUT) and the Equal Weight S&P 500 are at all-time highs.

Posted by Eddy Elfenbein on January 2nd, 2013 at 11:08 am

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