The Cyclicals Continue to Soar

The market is up this morning and again it’s being led by cyclical stocks. The Morgan Stanley Cyclical Index (^CYC) is up over 22% this year and it’s closing in on 1,100.
Here’s a look at the CYC divided by the S&P 500. The ratio hit another all-time high today.

Posted by Eddy Elfenbein on June 15th, 2007 at 11:40 am

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