The S&P 500 High Beta ETF ($SPHB) has just shifted from red to green on our ETF Power Rankings, signaling a growing appetite for risk among investors.
More importantly, when measured against Low Volatility ($SPLV), high beta has broken out of a massive basing pattern to reach new all-time highs.
This is a key intermarket relationship we watch closely for clues about the overall health of equity market rallies.
We always look for investors to favor high beta stocks as confirmation that money is moving further out on the risk curve. Right now, that’s exactly what we’re seeing.
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