Intermarket Analysis: Profiting from Global Market Relationships

Index

A

Asian currency crisis and deflation in 1997. See 1997 Asian currency crisis and deflation

B

Bearish divergence

Business cycle, impact on market sectors. See also Intermarket analysis and the business cycle

consumer spending, relative strength of

cyclicals starting to outperform staples

economic cycle, different view of (Stovall’s circle)

interest rate trends

Nasdaq leads market higher during 2003

retail buying

sector leadership moves to consumers and technology

sector rotation within business cycle model supporting data in 2000 favored contraction during 2003 suggest early expansion

smaller stocks lead at bottoms

technology leadership is a good sign

transportation leadership yield curve

another view of

flattens during 2003, 213-214 overview

C

CMR (Morgan Stanley Consumer Index)

Commodity/bond ratio

Commodity divergence

CRB (Commodity Research Bureau)/bond ratio

CRB (Commodity Research Bureau) index

description of

industrial versus agricultural markets rise in early 1993

CYC (Morgan Stanley Cyclical Index)

Cyclical bear markets

Cyclical stocks

D

Davis, Ned

Decoupling, definition of

Dollar bloc countries

Dollar, fall during 2002 boosts commodities

Asian deflation pulls U.S. rates lower

bonds and commodities decouple

commodities

divergence

gain from battle against deflation

inflation

prices and bond yields normally trend together

dollar peak coincides with commodity bottom

dollar top leads to new bull market in gold

global bear market

industrial metals and interest ...