US 100 Index

NDX / IWM ratio with bond yields heading up

201
All time graph, NDX/IWM ratio shows we are entering a period of IWM gaining strength over NDX. Do we buy small caps and value stocks? Do bond yields (and perceived inflation risk) mean we sell NDX?

I don't really buy the narrative, but whatever, we don't fight where the money is moving.

BTC is also an interesting play if Gold doesn't move up, instead BTC is the anti-inflation play. Just look to whatever ETFs are best against this type of play (SYPD, emerging markets?).

What's interesting is the DXY is so far getting weaker in all this (well, today it went up temporarily). So will we see actual inflation at home and increased industrial, or just more offshoring? All the jobs are in the tech sector I feel. Software and services economy they say...

Anyways...

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