I am not partial to these simple ratios, but they do correlate over time for global risk-on/off. It appears to be 30-year supercycles for the US market/credit macrocycles. Based on this chart, short gold and long DOW...
Note
The ratio went bearish again, which means that holding risk off like gold is preferred vs holding tech.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.