Cyclicals to Defensive Stock Ratio and Treasury Bonds

Cyclicals to Defensive Stock Ratio and Treasury Bonds Market internals, the preference for large over small and quality over junk, suggest that the recovery will be modest. Image: Morgan Stanley Research

U.S. Stocks – Cyclicals vs. Defensives

U.S. Stocks – Cyclicals vs. Defensives Cyclicals and defensives are reliable indicators of investor sentiment. Anticipated economic growth prompts investors to favor cyclicals, resulting in their outperformance over defensives. Image: Goldman Sachs Global Investment Research

Stocks – Cyclicals vs. Defensives

Stocks – Cyclicals vs. Defensives Cyclical stocks are expected to outperform defensive stocks from an improving economy. Image: Goldman Sachs Global Investment Research