SPHB
High Beta / Low Beta Ratio ChartBullish when rising --> Risk-Seeking market
Bearish when falling --> Risk-Off market
Another ratio that demonstrates non-confirmation as the market lunges to new all-time-highs.
Stocks & CurrenciesBoth ratios measure levels of risk appetite in the market.
Since the March low, these gauges have come increasingly more correlated to major stock indices
