🔎 High Beta / Low Volatility Breaks Out

One of our favorite intermarket ratios is the S&P 500 High Beta ETF $SPHB relative to the S&P 500 Low Volatility ETF $SPLV.

These respective indexes track the two ends of the spectrum, and when it's working it's signaling that money is flowing into higher risk stocks.

In this week's thematic table, we've seen SPLV transition to green and this key ratio break to new highs.

This is clearly evidence of risk-seeking behavior from investors, which is a positive tell.

We may be seeing the beginning stages of leadership changing in the ETF world; from growth, to cyclicals, to international outperformance. But it's not just going to be these ETFs that see the biggest gains.

It's going to be the individual stocks driving the moves underneath them.

And earnings season is when we find out exactly which names the market wants to reward.

Steve Strazza hosted a time sensitive investor briefing where he broke down the one signal his team uses to identify which stocks are about to make their biggest moves on earnings, and how to get in position before they happen.

As a bonus for signing up, you'll get a free copy of the latest Beat Quarterly, where we score every S&P 500 earnings report to show you where leadership is quietly rotating.

Click here to watch the replay of Steve's investor briefing.