U.S. ISM Manufacturing Index and S&P 500 Cyclicals vs. Defensives
Chart showing that U.S. cyclicals sectors relative to defensive sectors are still pricing in a strong rebound in growth (R = 0.82).
Image: Deutsche Bank Global Research
Chart showing that U.S. cyclicals sectors relative to defensive sectors are still pricing in a strong rebound in growth (R = 0.82).
Image: Deutsche Bank Global Research