As yields pull back and the US Dollar accelerates into the NoGo trend, Alex and Tyler review the new Go trend in the S&P 500 daily chart. On this week’s GoNoGo show, midterm elections are concluding and inflation numbers are coming in softer than expected, while the S&P 500 gaps higher in a 5% upside move. Interestingly, from a relative strength perspective, the leadership of cyclical groups has continued into this new bull phase from areas like Materials, Industrials, fiancials energy healthcare and staples. Having just returned from Mumbai, Alex and Tyler conclude with a view on emerging markets that have outpaced the US in 2022.
00:00 - Intro
02:10 - GoNoGo Asset Map, GoNoGo Sector RelMap, GoNoGo Trend
03:33 - $SPY, $TNX
10:14 - $UUP, $USO
17:00 - Materials Select Sector SPDR Fund (XLB), Steel Dynamics (STLD)
20:20 - Consumer Staples Sector (XLP), Albertsons (ACI)
22:40 - INDA/SPY - Global Asset Allocation - Weekly
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