Using Relative Rotation Graphs, Julius talks you through the rotations for asset classes and sectors as they are currently unfolding. At asset class level, the improvement for fixed-income-related assets is worth noticing, as it is pushing stocks (SPY) down and into the lagging quadrant against a balanced index fund. In the sectors, Materials stands out because of its very stable trend, while Tech and Discretionary remain very weak from both a price and a relative perspective.
At the end of the show, Julius plots a group of international stock market indexes against the DJ Global index. He sees that it is primarily the US indexes (SPX, NDX, INDU) that are showing weak tails, which, as a result, pushes other markets into leading.