Today’s Chart of the Day was shared on Twitter by Sam McCallum (@honeystocks1) It's a ratio chart of Growth vs. Value ($IWF/IWD) over the past year and a half. As a reminder, when the ratio is rising it means Growth is outperforming Value and vice versa. Growth had its worst day relative to Value in over a decade today. To be fair, Growth had its best day relative to Value in over a decade just last week. Ratio charts like this one allow you to judge these daily moves within the context of a longer-term trend. As Sam points out, this ratio remains in a strong uptrend favoring Growth, even after today's massive underperformance. In a comment to The Chart Report, Sam said, "I think we're seeing a lot of hype in Value today, but the charts aren't confirming any meaningful rotation just yet."
Chart of the Day - Monday, November 9th, 2020
November 9, 2020
