This indicator measures the relative strengths of global equities, commodities and U.S. Treasuries. Investors. Markets which are trading above 0 and which are trading above other markets should be preferred. In addition, this indicator acts as risk-management tool for the Global ETF High Conviction Portfolio. If riskless U.S. Treasuries are trading above 0, the technical market environment for risky asset classes remain outright weak. In such a scenario the Global ETF High Conviction Portfolio will be invested mainly in riskless U.S. Treasuries.
Bullish: Global Relative Strengths Index of underyling market above 0
Bearish: Global Relative Strengths Index of underyling market below 0