An Intermediate Peak In Cyclicals and Rates

Faster deployment of vaccines improved the odds of a faster re-opening and economic recovery. Sensing this economic recovery, Small caps and cyclical stocks have outperformed the market over the past six months.  However, most Intermarket relationships are indicating that this outperformance is in its late innings and investors should look to reposition portfolios. 

Here is a look at the Dark Arts of Intermarket Analysis