The ratio is still bearish looking as 10 MMA is still pointing down and though it registered a higher low in June 2016, no higher high yet.
The ratio has not confirm recent broad market breakout. And thus it is not all clear to long equalities and overweight bond is still warranted.
The ratio has not confirm recent broad market breakout. And thus it is not all clear to long equalities and overweight bond is still warranted.