Chart of the Day - Thursday, June 17th, 2021
Today’s Chart of the Day was shared by Christian Fromhertz (@cfromhertz). It's a chart of Large-Cap Growth vs. Large-Cap Value over the past five years ($IWF/$IWD). As a reminder, when the ratio is rising it means Growth is outperforming Value and vice versa. It's been a tough year for Growth stocks, but the tide may be turning. Growth has been underperforming Value since last September. However, this ratio broke out from that nine-month downtrend in today's session. In other words, we're currently set up for a rotation back into Growth stocks in the coming weeks/months.