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S&P 500 sector ETFs ranked by 1-year performance. Color intensity reflects the magnitude of the move — darker green means stronger outperformance, darker red means heavier underperformance. Use the 1W column to spot short-term momentum shifts within the longer trend.
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Commodity prices reflect global supply-demand dynamics and inflation expectations. Gold rises during uncertainty and negative real yields. Oil correlates with economic growth and geopolitical risk. Copper (Dr. Copper) is a leading economic indicator — rising copper prices signal industrial expansion. Agricultural commodities are more seasonal and less correlated with the macro cycle.
The VIX measures implied volatility of S&P 500 options — it represents the market's fear gauge. VIX and SPX have a strong inverse correlation (typically -0.7 to -0.9). When VIX spikes above 30, markets are in panic — historically a contrarian buying opportunity. When VIX is below 15 (complacent), markets are vulnerable to shocks. The rolling 30-day correlation weakening (becoming less negative) can signal an unusual market regime.
The Value/Growth ratio (IWD/IWF) indicates market preference. Value outperforms in rising rate environments and during inflation. Growth outperforms when rates are low and liquidity abundant. A sustained shift from Growth to Value often signals a macro regime change — from accommodative to tightening monetary policy.
Currency strength is calculated from the performance of each currency across multiple FX pairs. A strong USD (rising DXY) typically signals risk-off sentiment — it pressures commodities, emerging markets, and multinational earnings. A weakening USD is bullish for commodities and international equities. Watch for divergences: if USD strengthens while equities rally, the rally may be fragile.
Cointegration measures long-term equilibrium relationships between assets. Equities cluster: S&P 500, Nasdaq, and Russell tend to move together but divergences signal sector rotation. When one index diverges from the group, it either reverts (mean reversion trade) or leads the group in its direction (breakout trade).
Cointegration measures long-term equilibrium relationships between assets. When cointegrated assets deviate from their historical relationship, they tend to revert — creating mean-reversion trading opportunities. Watch for altcoins diverging from Bitcoin — divergence badges appear when an asset deviates >1.5σ from the cluster average.
Cointegration measures long-term equilibrium relationships between assets. When cointegrated assets deviate from their historical relationship, they tend to revert — creating mean-reversion trading opportunities. Metals cluster: Gold leads, Silver follows. Divergence badges appear when an asset deviates >1.5σ from the cluster average — strongest signals come above 2σ.