What Stocks Say About The State Of The Global Economy, In Two Charts
The following two charts cut right through the headline propaganda and show all there is to know about the state of the global economy.
The first is a chart of Global Cyclical stocks (Goldman ticker GSSBGCYC). The second shows Global Defensives (Goldman ticker GSSBGDEF). The resulting picture is worth 1000 Op-Eds welcoming you to yet another "global recovery."
Good luck to the US as the "decoupled source" of all global growth in the coming year.
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