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Global Triangle Leans Bullish For Stocks

From Short Takes
December 24, 2012 - 9:31am
Over the last few recent weeks, we have been watching numerous risk-on vs. risk-off triangles. The chart below shows a triangle breaking in the bulls’ favor. When the ratio rises, stocks are in favor relative to bonds (risk-on). When the ratio falls, bonds are in greater demand relative to stocks (risk-off). [...]

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