paired trades for the s&p 500/400/600 sectorspaired trades for the s&p 500/400/600 sectors yardeni...
TRANSCRIPT
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Paired Trades for theS&P 500/400/600 Sectors
Yardeni Research, Inc.
June 4, 2021
Dr. Edward Yardeni516-972-7683
Mali Quintana480-664-1333
Please visit our sites atwww.yardeni.comblog.yardeni.com
thinking outside the box
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Table Of Contents Table Of ContentsTable Of Contents
June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
Yardeni Research, Inc.
S&P 500 Consumer Discretionary/S&P 500 Sectors 1S&P 500 Consumer Staples/S&P 500 Sectors 2S&P 500 Energy/S&P 500 Sectors 3S&P 500 Financials/S&P 500 Sectors 4S&P 500 Health Care/S&P 500 Sectors 5S&P 500 Industrials/S&P 500 Sectors 6S&P 500 Information Technology/S&P 500 Sectors 7S&P 500 Materials/S&P 500 Sectors 8S&P 500 Telecommunication Services/S&P 500 Sectors 9S&P 500 Utilities/S&P 500 Sectors 10S&P 400 Consumer Discretionary/S&P 400 Sectors 11S&P 400 Consumer Staples/S&P 400 Sectors 12S&P 400 Energy/S&P 400 Sectors 13S&P 400 Financials/S&P 400 Sectors 14S&P 400 Health Care/S&P 400 Sectors 15S&P 400 Industrials/S&P 400 Sectors 16S&P 400 Information Technology/S&P 400 Sectors 17S&P 400 Materials/S&P 400 Sectors 18S&P 400 Telecommunication Services/S&P 400 Sectors 19S&P 400 Utilities/S&P 400 Sectors 20S&P 600 Consumer Discretionary/S&P 600 Sectors 21S&P 600 Consumer Staples/S&P 600 Sectors 22S&P 600 Energy/S&P 600 Sectors 23S&P 600 Financials/S&P 600 Sectors 24S&P 600 Health Care/S&P 600 Sectors 25S&P 600 Industrials/S&P 600 Sectors 26S&P 600 Information Technology/S&P 600 Sectors 27S&P 600 Materials/S&P 600 Sectors 28S&P 600 Telecommunication Services/S&P 600 Sectors 29S&P 600 Utilities/S&P 600 Sectors 30
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Figure 1.
02 04 06 08 10 12 14 16 18 20 22 24.8
1.0
1.2
1.4
1.6
1.8
2.0
2.2
2.4
6/4
S&P 500 CONSUMER DISCETIONARY INDEX (as a ratio of S&P 500 Index)
***** Chart Not Available *****
Task: SPCDIND
Error: Invaid equation element ; or missing se
06-04-2021 - 18:13:05***** Chart Not Available *****
Task: SPCDCS
Error: Invaid equation element ; or missing series
06-04-2021 - 18:14:19
***** Chart Not Available *****
Task: SPCDIT
Error: Invaid equation element ; or missing se
06-04-2021 - 18:14:20***** Chart Not Available *****
Task: SPCDENER
Error: Invaid equation element ; or missing series
06-04-2021 - 18:11:24
***** Chart Not Available *****
Task: SPCDMAT
Error: Invaid equation element ; or missing se
06-04-2021 - 18:11:57***** Chart Not Available *****
Task: SPCDFIN
Error: Invaid equation element ; or missing series
06-04-2021 - 18:14:20
***** Chart Not Available *****
Task: SPCDTELE
Error: Invaid equation element ; or missing se
06-04-2021 - 18:14:21***** Chart Not Available *****
Task: SPCDHC
Error: Invaid equation element ; or missing series
06-04-2021 - 18:14:20
***** Chart Not Available *****
Task: SPCDUTIL
Error: Invaid equation element ; or missing se
06-04-2021 - 18:14:21
S&P 500 Consumer Discretionary/S&P 500 Sectors
Page 1 / June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
Yardeni Research, Inc.
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Figure 2.
02 04 06 08 10 12 14 16 18 20 22 241.0
1.5
2.0
2.5
6/4
S&P 500 CONSUMER STAPLES INDEX(as a ratio of S&P 500 Index)
***** Chart Not Available *****
Task: SPCSIND
Error: Invaid equation element ; or missing se
06-04-2021 - 18:13:05***** Chart Not Available *****
Task: SPCSCD
Error: Invaid equation element ; or missing series
06-04-2021 - 18:14:21
***** Chart Not Available *****
Task: SPCSIT
Error: Invaid equation element ; or missing se
06-04-2021 - 18:14:45***** Chart Not Available *****
Task: SPCSENER
Error: Invaid equation element ; or missing series
06-04-2021 - 18:11:24
***** Chart Not Available *****
Task: SPCSMAT
Error: Invaid equation element ; or missing se
06-04-2021 - 18:11:57***** Chart Not Available *****
Task: SPCSFIN
Error: Invaid equation element ; or missing series
06-04-2021 - 18:14:45
***** Chart Not Available *****
Task: SPCSTELE
Error: Invaid equation element ; or missing se
06-04-2021 - 18:14:46***** Chart Not Available *****
Task: SPCSHC
Error: Invaid equation element ; or missing series
06-04-2021 - 18:14:45
***** Chart Not Available *****
Task: SPCSUTIL
Error: Invaid equation element ; or missing se
06-04-2021 - 18:14:46
S&P 500 Consumer Staples/S&P 500 Sectors
Page 2 / June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
Yardeni Research, Inc.
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Figure 3.
***** Chart Not Available *****
Task: SPENERSP500
Invalid calculation element [SP5COM]
08-26-2019 - 18:35:56
***** Chart Not Available *****
Task: SPENERIND
Error: Invaid equation element ; or missing se
06-04-2021 - 18:11:25***** Chart Not Available *****
Task: SPENERCD
Error: Invaid equation element ; or missing series
06-04-2021 - 18:11:24
***** Chart Not Available *****
Task: SPENERIT
Error: Invaid equation element ; or missing se
06-04-2021 - 18:11:26***** Chart Not Available *****
Task: SPENERCS
Error: Invaid equation element ; or missing series
06-04-2021 - 18:11:24
***** Chart Not Available *****
Task: SPENERMAT
Error: Invaid equation element ; or missing se
06-04-2021 - 18:11:26***** Chart Not Available *****
Task: SPENERFIN
Error: Invaid equation element ; or missing series
06-04-2021 - 18:11:24
***** Chart Not Available *****
Task: SPENERTELE
Error: Invaid equation element ; or missing se
06-04-2021 - 18:11:26***** Chart Not Available *****
Task: SPENERHC
Error: Invaid equation element ; or missing series
06-04-2021 - 18:11:25
***** Chart Not Available *****
Task: SPENERUTIL
Error: Invaid equation element ; or missing se
06-04-2021 - 18:11:26
S&P 500 Energy/S&P 500 Sectors
Page 3 / June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
Yardeni Research, Inc.
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Figure 4.
02 04 06 08 10 12 14 16 18 20 22 24.4.6.8
1.01.21.41.61.82.02.2
6/4
S&P 500 FINANCIALS INDEX(as a ratio of S&P 500 Index)
***** Chart Not Available *****
Task: SPFININD
Error: Invaid equation element ; or missing se
06-04-2021 - 18:13:05***** Chart Not Available *****
Task: SPFINCD
Error: Invaid equation element ; or missing series
06-04-2021 - 18:14:21
***** Chart Not Available *****
Task: SPFINIT
Error: Invaid equation element ; or missing se
06-04-2021 - 18:15:50***** Chart Not Available *****
Task: SPFINCS
Error: Invaid equation element ; or missing series
06-04-2021 - 18:14:46
***** Chart Not Available *****
Task: SPFINMAT
Error: Invaid equation element ; or missing se
06-04-2021 - 18:11:57***** Chart Not Available *****
Task: SPFINENER
Error: Invaid equation element ; or missing series
06-04-2021 - 18:11:27
***** Chart Not Available *****
Task: SPFINTELE
Error: Invaid equation element ; or missing se
06-04-2021 - 18:15:50***** Chart Not Available *****
Task: SPFINHC
Error: Invaid equation element ; or missing series
06-04-2021 - 18:15:06
***** Chart Not Available *****
Task: SPFINUTIL
Error: Invaid equation element ; or missing se
06-04-2021 - 18:15:51
S&P 500 Financials/S&P 500 Sectors
Page 4 / June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
Yardeni Research, Inc.
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Figure 5.
02 04 06 08 10 12 14 16 18 20 22 24.8
1.0
1.2
1.4
1.6
1.8
2.0
2.2
6/4
S&P 500 HEALTH CARE INDEX(as a ratio of S&P 500 Index)
***** Chart Not Available *****
Task: SPHCIND
Error: Invaid equation element ; or missing se
06-04-2021 - 18:13:06***** Chart Not Available *****
Task: SPHCCD
Error: Invaid equation element ; or missing series
06-04-2021 - 18:14:21
***** Chart Not Available *****
Task: SPHCIT
Error: Invaid equation element ; or missing se
06-04-2021 - 18:15:06***** Chart Not Available *****
Task: SPHCCS
Error: Invaid equation element ; or missing series
06-04-2021 - 18:14:46
***** Chart Not Available *****
Task: SPHCMAT
Error: Invaid equation element ; or missing se
06-04-2021 - 18:11:58***** Chart Not Available *****
Task: SPHCENER
Error: Invaid equation element ; or missing series
06-04-2021 - 18:11:27
***** Chart Not Available *****
Task: SPHCTELE
Error: Invaid equation element ; or missing se
06-04-2021 - 18:15:07***** Chart Not Available *****
Task: SPHCFIN
Error: Invaid equation element ; or missing series
06-04-2021 - 18:15:06
***** Chart Not Available *****
Task: SPHCUTIL
Error: Invaid equation element ; or missing se
06-04-2021 - 18:15:07
S&P 500 Health Care/S&P 500 Sectors
Page 5 / June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
Yardeni Research, Inc.
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Figure 6.
02 04 06 08 10 12 14 16 18 20 22 24.6
.8
1.0
1.2
1.4
1.6
6/4
S&P 500 INDUSTRIALS INDEX(as a ratio of S&P 500 Index)
***** Chart Not Available *****
Task: SPINDHC
Error: Invaid equation element ; or missing se
06-04-2021 - 18:13:08***** Chart Not Available *****
Task: SPINDCD
Error: Invaid equation element ; or missing series
06-04-2021 - 18:13:06
***** Chart Not Available *****
Task: SPINDIT
Error: Invaid equation element ; or missing se
06-04-2021 - 18:13:09***** Chart Not Available *****
Task: SPINDCS
Error: Invaid equation element ; or missing series
06-04-2021 - 18:13:07
***** Chart Not Available *****
Task: SPINDMAT
Error: Invaid equation element ; or missing se
06-04-2021 - 18:11:58***** Chart Not Available *****
Task: SPINDENER
Error: Invaid equation element ; or missing series
06-04-2021 - 18:11:27
***** Chart Not Available *****
Task: SPINDTELE
Error: Invaid equation element ; or missing se
06-04-2021 - 18:13:10***** Chart Not Available *****
Task: SPINDFIN
Error: Invaid equation element ; or missing series
06-04-2021 - 18:13:08
***** Chart Not Available *****
Task: SPINDUTIL
Error: Invaid equation element ; or missing se
06-04-2021 - 18:13:10
S&P 500 Industrials/S&P 500 Sectors
Page 6 / June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
Yardeni Research, Inc.
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Figure 7.
02 04 06 08 10 12 14 16 18 20 22 24.3
.5
.7
.9
1.1
1.3
6/4
S&P 500 INFORMATION TECHNOLOGY INDEX(as a ratio of S&P 500 Index)
***** Chart Not Available *****
Task: SPITHC
Error: Invaid equation element ; or missing se
06-04-2021 - 18:15:07***** Chart Not Available *****
Task: SPITCD
Error: Invaid equation element ; or missing series
06-04-2021 - 18:14:21
***** Chart Not Available *****
Task: SPITIND
Error: Invaid equation element ; or missing se
06-04-2021 - 18:13:11***** Chart Not Available *****
Task: SPITCS
Error: Invaid equation element ; or missing series
06-04-2021 - 18:14:46
***** Chart Not Available *****
Task: SPITMAT
Error: Invaid equation element ; or missing se
06-04-2021 - 18:11:58***** Chart Not Available *****
Task: SPITENER
Error: Invaid equation element ; or missing series
06-04-2021 - 18:11:27
***** Chart Not Available *****
Task: SPITTELE
Error: Invaid equation element ; or missing se
06-04-2021 - 18:16:14***** Chart Not Available *****
Task: SPITFIN
Error: Invaid equation element ; or missing series
06-04-2021 - 18:15:51
***** Chart Not Available *****
Task: SPITUTIL
Error: Invaid equation element ; or missing se
06-04-2021 - 18:16:14
S&P 500 Information Technology/S&P 500 Sectors
Page 7 / June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
Yardeni Research, Inc.
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Figure 8.
02 04 06 08 10 12 14 16 18 20 22 241.0
1.5
2.0
2.5
6/4
S&P 500 MATERIALS INDEX(as a ratio of S&P 500 Index)
***** Chart Not Available *****
Task: SPMATHC
Error: Invaid equation element ; or missing se
06-04-2021 - 18:11:58***** Chart Not Available *****
Task: SPMATCD
Error: Invaid equation element ; or missing series
06-04-2021 - 18:11:58
***** Chart Not Available *****
Task: SPMATIND
Error: Invaid equation element ; or missing se
06-04-2021 - 18:11:59***** Chart Not Available *****
Task: SPMATCS
Error: Invaid equation element ; or missing series
06-04-2021 - 18:11:58
***** Chart Not Available *****
Task: SPMATIT
Error: Invaid equation element ; or missing se
06-04-2021 - 18:11:59***** Chart Not Available *****
Task: SPMATENER
Error: Invaid equation element ; or missing series
06-04-2021 - 18:11:28
***** Chart Not Available *****
Task: SPMATTELE
Error: Invaid equation element ; or missing se
06-04-2021 - 18:11:59***** Chart Not Available *****
Task: SPMATFIN
Error: Invaid equation element ; or missing series
06-04-2021 - 18:11:58
***** Chart Not Available *****
Task: SPMATUTIL
Error: Invaid equation element ; or missing se
06-04-2021 - 18:11:59
S&P 500 Materials/S&P 500 Sectors
Page 8 / June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
Yardeni Research, Inc.
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Figure 9.
02 04 06 08 10 12 14 16 18 20 22 24.2
.4
.6
.8
1.0
6/4
S&P 500 TELECOMMUNICATIONSERVICES INDEX(as a ratio of S&P 500 Index)
***** Chart Not Available *****
Task: SPTELEHC
Error: Invaid equation element ; or missing se
06-04-2021 - 18:15:07***** Chart Not Available *****
Task: SPTELECD
Error: Invaid equation element ; or missing series
06-04-2021 - 18:14:22
***** Chart Not Available *****
Task: SPTELEIND
Error: Invaid equation element ; or missing se
06-04-2021 - 18:13:13***** Chart Not Available *****
Task: SPTELECS
Error: Invaid equation element ; or missing series
06-04-2021 - 18:14:47
***** Chart Not Available *****
Task: SPTELEIT
Error: Invaid equation element ; or missing se
06-04-2021 - 18:16:15***** Chart Not Available *****
Task: SPTELEENER
Error: Invaid equation element ; or missing series
06-04-2021 - 18:11:30
***** Chart Not Available *****
Task: SPTELEMAT
Error: Invaid equation element ; or missing se
06-04-2021 - 18:11:59***** Chart Not Available *****
Task: SPTELEFIN
Error: Invaid equation element ; or missing series
06-04-2021 - 18:15:51
***** Chart Not Available *****
Task: SPTELEUTIL
Error: Invaid equation element ; or missing se
06-04-2021 - 18:16:29
S&P 500 Telecommunication Services/S&P 500 Sectors
Page 9 / June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
Yardeni Research, Inc.
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Figure 10.
02 04 06 08 10 12 14 16 18 20 22 24.8
1.0
1.2
1.4
1.6
1.8
2.0
2.2
6/4
S&P 500 UTILITIES INDEX(as a ratio of S&P 500 Index)
***** Chart Not Available *****
Task: SPUTILHC
Error: Invaid equation element ; or missing se
06-04-2021 - 18:15:07***** Chart Not Available *****
Task: SPUTILCD
Error: Invaid equation element ; or missing series
06-04-2021 - 18:14:22
***** Chart Not Available *****
Task: SPUTILIND
Error: Invaid equation element ; or missing se
06-04-2021 - 18:13:13***** Chart Not Available *****
Task: SPUTILCS
Error: Invaid equation element ; or missing series
06-04-2021 - 18:14:47
***** Chart Not Available *****
Task: SPUTILIT
Error: Invaid equation element ; or missing se
06-04-2021 - 18:16:15***** Chart Not Available *****
Task: SPUTILENER
Error: Invaid equation element ; or missing series
06-04-2021 - 18:11:30
***** Chart Not Available *****
Task: SPUTILMAT
Error: Invaid equation element ; or missing se
06-04-2021 - 18:12:00***** Chart Not Available *****
Task: SPUTILFIN
Error: Invaid equation element ; or missing series
06-04-2021 - 18:15:52
***** Chart Not Available *****
Task: SPUTILTELE
Error: Invaid equation element ; or missing se
06-04-2021 - 18:16:29
S&P 500 Utilities/S&P 500 Sectors
Page 10 / June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
Yardeni Research, Inc.
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Figure 11.
02 04 06 08 10 12 14 16 18 20 22 24.6
.8
1.0
1.2
1.4
6/4
S&P 400 CONSUMER DISCRETIONARY INDEX(as a ratio of S&P 400 Index)
02 04 06 08 10 12 14 16 18 20 22 24.4
.6
.8
1.0
1.2
1.4
6/4
(as a ratio of S&P 400 Industrials)
02 04 06 08 10 12 14 16 18 20 22 24.2
.4
.6
.8
1.0
1.2
6/4
(as a ratio of S&P 400 Consumer Staples)
02 04 06 08 10 12 14 16 18 20 22 241
2
3
6/4
(as a ratio of S&P 400 Information Technology)
02 04 06 08 10 12 14 16 18 20 22 240
1
2
3
4
5
6
7
6/4
(as a ratio of S&P 400 Energy)
02 04 06 08 10 12 14 16 18 20 22 24.4
.8
1.2
1.6
6/4
(as a ratio of S&P 400 Materials)
02 04 06 08 10 12 14 16 18 20 22 24.6
.8
1.0
1.2
1.4
1.6
1.8
2.0
6/4(as a ratio of S&P 400 Financials)
02 04 06 08 10 12 14 16 18 20 22 240
4
8
12
16
20
24
6/4
(as a ratio of S&P 400 Telecommunication Services)
02 04 06 08 10 12 14 16 18 20 22 24.2
.4
.6
.8
1.0
1.2
6/4
(as a ratio of S&P 400 Health Care)
200-day moving averageSource: Standard & Poor’s Corporation.
02 04 06 08 10 12 14 16 18 20 22 24.4
.6
.8
1.0
1.2
1.4
1.6
1.8
6/4(as a ratio of S&P 400 Utilities)
yardeni.com
S&P 400 Consumer Discretionary/S&P 400 Sectors
Page 11 / June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
Yardeni Research, Inc.
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Figure 12.
02 04 06 08 10 12 14 16 18 20 22 241.0
1.5
2.0
2.5
3.0
3.5
6/4
S&P 400 CONSUMER STAPLES INDEX(as a ratio of S&P 400 Index)
02 04 06 08 10 12 14 16 18 20 22 241.2
1.4
1.6
1.8
2.0
2.2
2.4
2.6
6/4
(as a ratio of S&P 400 Industrials)
02 04 06 08 10 12 14 16 18 20 22 241.0
1.5
2.0
2.5
3.0
3.5
6/4
(as a ratio of S&P 400 Consumer Discretionary)
02 04 06 08 10 12 14 16 18 20 22 241
2
3
4
5
6
7
6/4
(as a ratio of S&P 400 Information Technology)
02 04 06 08 10 12 14 16 18 20 22 240
4
8
12
16
20
6/4
(as a ratio of S&P 400 Energy)
02 04 06 08 10 12 14 16 18 20 22 24.8
1.2
1.6
2.0
2.4
2.8
3.2
3.6
6/4
(as a ratio of S&P 400 Materials)
02 04 06 08 10 12 14 16 18 20 22 24.5
1.01.52.02.53.03.54.04.55.0
6/4
(as a ratio of S&P 400 Financials)
02 04 06 08 10 12 14 16 18 20 22 240
5
10
15
20
25
30
35
406/4(as a ratio of S&P 400 Telecommunication Services)
02 04 06 08 10 12 14 16 18 20 22 24.5
1.0
1.5
2.0
6/4
(as a ratio of S&P 400 Health Care)
200-day moving averageSource: Standard & Poor’s Corporation.
02 04 06 08 10 12 14 16 18 20 22 24.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
6/4(as a ratio of S&P 400 Utilities)
yardeni.com
S&P 400 Consumer Staples/S&P 400 Sectors
Page 12 / June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
Yardeni Research, Inc.
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Figure 13.
02 04 06 08 10 12 14 16 18 20 22 24.0.5
1.01.52.02.53.03.54.04.55.0
6/4
S&P 400 ENERGY INDEX(as a ratio of S&P 400 Index)
02 04 06 08 10 12 14 16 18 20 22 240
1
2
3
4
6/4
(as a ratio of S&P 400 Industrials)
02 04 06 08 10 12 14 16 18 20 22 240
1
2
3
4
5
6
7
6/4
(as a ratio of S&P 400 Consumer Discretionary)
02 04 06 08 10 12 14 16 18 20 22 240
2
4
6
8
10
6/4
(as a ratio of S&P 400 Information Technology)
02 04 06 08 10 12 14 16 18 20 22 24.0
.5
1.0
1.5
2.0
2.5
3.0
6/4
(as a ratio of S&P 400 Consumer Staples)
02 04 06 08 10 12 14 16 18 20 22 24.0
.5
1.0
1.5
2.0
2.5
3.0
3.5
6/4
(as a ratio of S&P 400 Materials)
02 04 06 08 10 12 14 16 18 20 22 240
1
2
3
4
5
6
6/4
(as a ratio of S&P 400 Financials)
02 04 06 08 10 12 14 16 18 20 22 240
4
8
12
16
20
6/4
(as a ratio of S&P 400 Telecommunication Services)
02 04 06 08 10 12 14 16 18 20 22 24.0
.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
6/4
(as a ratio of S&P 400 Health Care)
200-day moving averageSource: Standard & Poor’s Corporation.
02 04 06 08 10 12 14 16 18 20 22 240
1
2
3
4
5
6/4
(as a ratio of S&P 400 Utilities)
yardeni.com
S&P 400 Energy/S&P 400 Sectors
Page 13 / June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
Yardeni Research, Inc.
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Figure 14.
02 04 06 08 10 12 14 16 18 20 22 24.4
.6
.8
1.0
1.2
1.4
6/4
S&P 400 FINANCIALS INDEX(as a ratio of S&P 400 Index)
02 04 06 08 10 12 14 16 18 20 22 24.2
.4
.6
.8
1.0
1.2
1.4
1.6
6/4
(as a ratio of S&P 400 Industrials)
02 04 06 08 10 12 14 16 18 20 22 24.4
.6
.8
1.0
1.2
1.4
1.6
6/4
(as a ratio of S&P 400 Consumer Discretionary)
02 04 06 08 10 12 14 16 18 20 22 240
1
2
3
4
6/4
(as a ratio of S&P 400 Information Technology)
02 04 06 08 10 12 14 16 18 20 22 24.0
.2
.4
.6
.8
1.0
6/4
(as a ratio of S&P 400 Consumer Staples)
02 04 06 08 10 12 14 16 18 20 22 24.4
.6
.8
1.0
1.2
1.4
1.6
6/4
(as a ratio of S&P 400 Materials)
02 04 06 08 10 12 14 16 18 20 22 240
1
2
3
4
5
6
6/4
(as a ratio of S&P 400 Energy)
02 04 06 08 10 12 14 16 18 20 22 240
2
4
6
8
10
12
6/4(as a ratio of S&P 400 Telecommunication Services)
02 04 06 08 10 12 14 16 18 20 22 24.0
.2
.4
.6
.8
1.0
1.2
1.4
6/4
(as a ratio of S&P 400 Health Care)
200-day moving averageSource: Standard & Poor’s Corporation.
02 04 06 08 10 12 14 16 18 20 22 24.4
.6
.8
1.0
1.2
1.4
6/4
(as a ratio of S&P 400 Utilities)
yardeni.com
S&P 400 Financials/S&P 400 Sectors
Page 14 / June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
Yardeni Research, Inc.
-
Figure 15.
02 04 06 08 10 12 14 16 18 20 22 241
2
3
4
6/4
S&P 400 HEALTH CARE INDEX(as a ratio of S&P 400 Index)
02 04 06 08 10 12 14 16 18 20 22 24.8
1.2
1.6
2.0
2.4
2.8
6/4
(as a ratio of S&P 400 Industrials)
02 04 06 08 10 12 14 16 18 20 22 24.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
6/4
(as a ratio of S&P 400 Consumer Discretionary)
02 04 06 08 10 12 14 16 18 20 22 241
2
3
4
5
6/4
(as a ratio of S&P 400 Information Technology)
02 04 06 08 10 12 14 16 18 20 22 24.4
.8
1.2
1.6
6/4
(as a ratio of S&P 400 Consumer Staples)
02 04 06 08 10 12 14 16 18 20 22 24.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
6/4
(as a ratio of S&P 400 Materials)
02 04 06 08 10 12 14 16 18 20 22 240
10
20
30
6/4
(as a ratio of S&P 400 Energy)
02 04 06 08 10 12 14 16 18 20 22 240
10
20
30
40
50
60
70
6/4
(as a ratio of S&P 400 Telecommunication Services)
02 04 06 08 10 12 14 16 18 20 22 24.5
1.01.52.02.53.03.54.04.55.05.56.0
6/4
(as a ratio of S&P 400 Financials)
200-day moving averageSource: Standard & Poor’s Corporation.
02 04 06 08 10 12 14 16 18 20 22 24.81.21.62.02.42.83.23.64.04.44.8
6/4
(as a ratio of S&P 400 Utilities)
yardeni.com
S&P 400 Health Care/S&P 400 Sectors
Page 15 / June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
Yardeni Research, Inc.
-
Figure 16.
02 04 06 08 10 12 14 16 18 20 22 24.8
1.0
1.2
1.4
1.6
6/4S&P 400 INDUSTRIALS INDEX(as a ratio of S&P 400 Index)
02 04 06 08 10 12 14 16 18 20 22 24.2
.4
.6
.8
1.0
1.2
6/4
(as a ratio of S&P 400 Health Care)
02 04 06 08 10 12 14 16 18 20 22 24.8
1.0
1.2
1.4
1.6
1.8
2.0
6/4
(as a ratio of S&P 400 Consumer Discretionary)
02 04 06 08 10 12 14 16 18 20 22 241.0
1.5
2.0
2.5
3.0
6/4
(as a ratio of S&P 400 Information Technology)
02 04 06 08 10 12 14 16 18 20 22 24.2
.4
.6
.8
1.0
6/4
(as a ratio of S&P 400 Consumer Staples)
02 04 06 08 10 12 14 16 18 20 22 24.8
1.0
1.2
1.4
1.6
1.8
6/4
(as a ratio of S&P 400 Materials)
02 04 06 08 10 12 14 16 18 20 22 240
2
4
6
8
10
12
6/4
(as a ratio of S&P 400 Energy)
02 04 06 08 10 12 14 16 18 20 22 240246810121416182022246/4(as a ratio of S&P 400 Telecommunication Services)
02 04 06 08 10 12 14 16 18 20 22 24.5
1.0
1.5
2.0
2.5
3.0
3.5
6/4
(as a ratio of S&P 400 Financials)
200-day moving averageSource: Standard & Poor’s Corporation.
02 04 06 08 10 12 14 16 18 20 22 24.6.81.01.21.41.61.82.02.22.42.6
6/4
(as a ratio of S&P 400 Utilities)
yardeni.com
S&P 400 Industrials/S&P 400 Sectors
Page 16 / June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
Yardeni Research, Inc.
-
Figure 17.
02 04 06 08 10 12 14 16 18 20 22 24.3
.5
.7
.9
6/4
S&P 400 INFORMATION TECHNOLOGY INDEX(as a ratio of S&P 400 Index)
02 04 06 08 10 12 14 16 18 20 22 24.2
.3
.4
.5
.6
.7
.8
6/4
(as a ratio of S&P 400 Health Care)
02 04 06 08 10 12 14 16 18 20 22 24.3
.4
.5
.6
.7
.8
.9
1.0
1.1
6/4
(as a ratio of S&P 400 Consumer Discretionary)
02 04 06 08 10 12 14 16 18 20 22 24.2
.4
.6
.8
1.0
6/4
(as a ratio of S&P 400 Industrials)
02 04 06 08 10 12 14 16 18 20 22 24.0
.2
.4
.6
.8
6/4
(as a ratio of S&P 400 Consumer Staples)
02 04 06 08 10 12 14 16 18 20 22 24.2
.4
.6
.8
1.0
6/4
(as a ratio of S&P 400 Materials)
02 04 06 08 10 12 14 16 18 20 22 240
1
2
3
4
5
6
7
6/4
(as a ratio of S&P 400 Energy)
02 04 06 08 10 12 14 16 18 20 22 241
3
5
7
9
11
136/4(as a ratio of S&P 400 Telecommunication Services)
02 04 06 08 10 12 14 16 18 20 22 24.3
.5
.7
.9
1.1
1.3
1.5
6/4
(as a ratio of S&P 400 Financials)
200-day moving averageSource: Standard & Poor’s Corporation.
02 04 06 08 10 12 14 16 18 20 22 24.2
.4
.6
.8
1.0
1.2
1.4
6/4
(as a ratio of S&P 400 Utilities)
yardeni.com
S&P 400 Information Technology/S&P 400 Sectors
Page 17 / June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
Yardeni Research, Inc.
-
Figure 18.
02 04 06 08 10 12 14 16 18 20 22 24.8
1.0
1.2
1.4
1.6
6/4
S&P 400 MATERIALS INDEX(as a ratio of S&P 400 Index)
02 04 06 08 10 12 14 16 18 20 22 24.0
.5
1.0
1.5
6/4
(as a ratio of S&P 400 Health Care)
02 04 06 08 10 12 14 16 18 20 22 24.5
1.0
1.5
2.0
2.5
6/4
(as a ratio of S&P 400 Consumer Discretionary)
02 04 06 08 10 12 14 16 18 20 22 24.6
.8
1.0
1.2
6/4
(as a ratio of S&P 400 Industrials)
02 04 06 08 10 12 14 16 18 20 22 24.2
.4
.6
.8
1.0
6/4
(as a ratio of S&P 400 Consumer Staples)
02 04 06 08 10 12 14 16 18 20 22 240
1
2
3
4
6/4
(as a ratio of S&P 400 Information Technology)
02 04 06 08 10 12 14 16 18 20 22 240
2
4
6
8
6/4
(as a ratio of S&P 400 Energy)
02 04 06 08 10 12 14 16 18 20 22 24024681012141618
6/4(as a ratio of S&P 400 Telecommunication Services)
02 04 06 08 10 12 14 16 18 20 22 24.6
.8
1.0
1.2
1.4
1.6
1.8
2.0
6/4
(as a ratio of S&P 400 Financials)
200-day moving averageSource: Standard & Poor’s Corporation.
02 04 06 08 10 12 14 16 18 20 22 24.4
.6
.8
1.0
1.2
1.4
1.66/4(as a ratio of S&P 400 Utilities)
yardeni.com
S&P 400 Materials/S&P 400 Sectors
Page 18 / June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
Yardeni Research, Inc.
-
Figure 19.
02 04 06 08 10 12 14 16 18 20 22 24.0
.2
.4
.6
.8
6/4
S&P 400 TELECOMMUNICATIONSERVICES INDEX (as a ratio of S&P 400 Index)
02 04 06 08 10 12 14 16 18 20 22 24.0
.2
.4
.6
6/4
(as a ratio of S&P 400 Health Care)
02 04 06 08 10 12 14 16 18 20 22 24.0
.2
.4
.6
.8
6/4
(as a ratio of S&P 400 Consumer Discretionary)
02 04 06 08 10 12 14 16 18 20 22 24.0
.2
.4
.6
.8
6/4
(as a ratio of S&P 400 Industrials)
02 04 06 08 10 12 14 16 18 20 22 24.0
.1
.2
.3
.4
.5
.6
.7
.8
6/4
(as a ratio of S&P 400 Consumer Staples)
02 04 06 08 10 12 14 16 18 20 22 24.0
.2
.4
.6
.8
1.0
1.2
6/4
(as a ratio of S&P 400 Information Technology)
02 04 06 08 10 12 14 16 18 20 22 24.0
.2
.4
.6
.8
6/4
(as a ratio of S&P 400 Energy)
02 04 06 08 10 12 14 16 18 20 22 24.0
.2
.4
.6
.8
1.0
6/4
(as a ratio of S&P 400 Materials)
02 04 06 08 10 12 14 16 18 20 22 24.0
.1
.2
.3
.4
.5
.6
.7
.8
6/4
(as a ratio of S&P 400 Financials)
200-day moving averageSource: Standard & Poor’s Corporation.
02 04 06 08 10 12 14 16 18 20 22 24.0
.2
.4
.6
.8
6/4
(as a ratio of S&P 400 Utilities)
yardeni.com
S&P 400 Telecommunication Services/S&P 400 Sectors
Page 19 / June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
Yardeni Research, Inc.
-
Figure 20.
02 04 06 08 10 12 14 16 18 20 22 24.6
.8
1.0
1.2
1.4
1.6
6/4
S&P 400 UTILITIES INDEX(as a ratio of S&P 400 Index)
02 04 06 08 10 12 14 16 18 20 22 24.0
.5
1.0
1.5
6/4
(as a ratio of S&P 400 Health Care)
02 04 06 08 10 12 14 16 18 20 22 24.5
1.0
1.5
2.0
2.5
6/4
(as a ratio of S&P 400 Consumer Discretionary)
02 04 06 08 10 12 14 16 18 20 22 24.4
.6
.8
1.0
1.2
1.4
1.6
6/4
(as a ratio of S&P 400 Industrials)
02 04 06 08 10 12 14 16 18 20 22 24.0
.5
1.0
1.5
6/4
(as a ratio of S&P 400 Consumer Staples)
02 04 06 08 10 12 14 16 18 20 22 24.5
1.0
1.5
2.0
2.5
3.0
3.5
6/4
(as a ratio of S&P 400 Information Technology)
02 04 06 08 10 12 14 16 18 20 22 240
2
4
6
8
10
12
6/4
(as a ratio of S&P 400 Energy)
02 04 06 08 10 12 14 16 18 20 22 24.5
1.0
1.5
2.0
6/4
(as a ratio of S&P 400 Materials)
02 04 06 08 10 12 14 16 18 20 22 24.5
1.0
1.5
2.0
6/4
(as a ratio of S&P 400 Financials)
200-day moving averageSource: Standard & Poor’s Corporation.
02 04 06 08 10 12 14 16 18 20 22 241
3
5
7
9
11
13
15
17
6/4
(as a ratio of S&P 400 Telecommunication Services)
yardeni.com
S&P 400 Utilities/S&P 400 Sectors
Page 20 / June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
Yardeni Research, Inc.
-
Figure 21.
02 04 06 08 10 12 14 16 18 20 22 24.4
.6
.8
1.0
1.2
6/4
S&P 600 CONSUMER DISCETIONARY INDEX(as a ratio of S&P 600 Index)
02 04 06 08 10 12 14 16 18 20 22 24.2
.6
1.0
1.4
1.8
6/4
(as a ratio of S&P 600 Industrials)
02 04 06 08 10 12 14 16 18 20 22 24.2
.4
.6
.8
1.0
1.2
1.4
6/4
(as a ratio of S&P 600 Consumer Staples)
02 04 06 08 10 12 14 16 18 20 22 241
2
3
4
6/4
(as a ratio of S&P 600 Information Technology)
02 04 06 08 10 12 14 16 18 20 22 240
2
4
6
8
6/4
(as a ratio of S&P 600 Energy)
02 04 06 08 10 12 14 16 18 20 22 24.5
1.0
1.5
2.0
6/4
(as a ratio of S&P 600 Materials)
02 04 06 08 10 12 14 16 18 20 22 24.4
.6
.8
1.0
1.2
1.4
1.6
1.8
2.0 6/4(as a ratio of S&P 600 Financials)
02 04 06 08 10 12 14 16 18 20 22 240
40
80
120
160
200
6/4
(as a ratio of S&P 600 Telecommunication Services)
02 04 06 08 10 12 14 16 18 20 22 24.0
.2
.4
.6
.8
1.0
1.2
6/4
(as a ratio of S&P 600 Health Care)
200-day moving averageSource: Standard & Poor’s Corporation.
02 04 06 08 10 12 14 16 18 20 22 24.2
.4
.6
.8
1.0
1.2
1.4
1.66/4(as a ratio of S&P 600 Utilities)
yardeni.com
S&P 600 Consumer Discretionary/S&P 600 Sectors
Page 21 / June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
Yardeni Research, Inc.
-
Figure 22.
02 04 06 08 10 12 14 16 18 20 22 24.5
1.0
1.5
2.0
2.5
6/4
S&P 600 CONSUMER STAPLES INDEX(as a ratio of S&P 600 Index)
02 04 06 08 10 12 14 16 18 20 22 24.8
1.0
1.2
1.4
1.6
1.8
2.0
2.2
6/4
(as a ratio of S&P 600 Industrials)
02 04 06 08 10 12 14 16 18 20 22 24.5
1.0
1.5
2.0
2.5
3.0
3.5
6/4
(as a ratio of S&P 600 Consumer Discretionary)
02 04 06 08 10 12 14 16 18 20 22 241
2
3
4
5
6
6/4
(as a ratio of S&P 600 Information Technology)
02 04 06 08 10 12 14 16 18 20 22 2402468
1012141618
6/4
(as a ratio of S&P 600 Energy)
02 04 06 08 10 12 14 16 18 20 22 24.8
1.2
1.6
2.0
2.4
2.8
3.2
3.6
4.0
6/4
(as a ratio of S&P 600 Materials)
02 04 06 08 10 12 14 16 18 20 22 240
2
4
6
8
6/4
(as a ratio of S&P 600 Financials)
02 04 06 08 10 12 14 16 18 20 22 240
40
80
120
160
200
240
280
6/4(as a ratio of S&P 600 Telecommunication Services)
02 04 06 08 10 12 14 16 18 20 22 24.0
.5
1.0
1.5
6/4
(as a ratio of S&P 600 Health Care)
200-day moving averageSource: Standard & Poor’s Corporation.
02 04 06 08 10 12 14 16 18 20 22 24.5
1.0
1.5
2.0
2.56/4(as a ratio of S&P 600 Utilities)
yardeni.com
S&P 600 Consumer Staples/S&P 600 Sectors
Page 22 / June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
Yardeni Research, Inc.
-
Figure 23.
02 04 06 08 10 12 14 16 18 20 22 240
1
2
3
4
5
6/4
S&P 600 ENERGY INDEX(as a ratio of S&P 600 Index)
02 04 06 08 10 12 14 16 18 20 22 240
1
2
3
4
5
6/4
(as a ratio of S&P 600 Industrials)
02 04 06 08 10 12 14 16 18 20 22 240
2
4
6
8
6/4
(as a ratio of S&P 600 Consumer Discretionary)
02 04 06 08 10 12 14 16 18 20 22 240
5
10
15
6/4
(as a ratio of S&P 600 Information Technology)
02 04 06 08 10 12 14 16 18 20 22 240
1
2
3
4
5
6/4
(as a ratio of S&P 600 Consumer Staples)
02 04 06 08 10 12 14 16 18 20 22 240
1
2
3
4
5
6
6/4
(as a ratio of S&P 600 Materials)
02 04 06 08 10 12 14 16 18 20 22 240
1
2
3
4
5
6
7
6/4
(as a ratio of S&P 600 Financials)
02 04 06 08 10 12 14 16 18 20 22 240
60
120
180
240
300
360
420
480
6/4
(as a ratio of S&P 600 Telecommunication Services)
02 04 06 08 10 12 14 16 18 20 22 240
1
2
3
4
6/4
(as a ratio of S&P 600 Health Care)
200-day moving averageSource: Standard & Poor’s Corporation.
02 04 06 08 10 12 14 16 18 20 22 240
1
2
3
4
5
6/4
(as a ratio of S&P 600 Utilities)
yardeni.com
S&P 600 Energy/S&P 600 Sectors
Page 23 / June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
Yardeni Research, Inc.
-
Figure 24.
02 04 06 08 10 12 14 16 18 20 22 24.5
1.0
1.5
2.0
2.5
3.0
3.5
6/4
S&P 600 FINANCIALS INDEX (as a ratio of S&P 600 Index)
02 04 06 08 10 12 14 16 18 20 22 24.0
.5
1.0
1.5
2.0
2.5
6/4
(as a ratio of S&P 600 Industrials)
02 04 06 08 10 12 14 16 18 20 22 24.4
.6
.8
1.0
1.2
1.4
1.6
1.8
2.0
6/4
(as a ratio of S&P 600 Consumer Discretionary)
02 04 06 08 10 12 14 16 18 20 22 240
2
4
6
6/4
(as a ratio of S&P 600 Information Technology)
02 04 06 08 10 12 14 16 18 20 22 24.2
.4
.6
.8
1.0
1.2
1.4
1.6
1.8
6/4
(as a ratio of S&P 600 Consumer Staples)
02 04 06 08 10 12 14 16 18 20 22 24.0
.5
1.0
1.5
2.0
2.5
3.0
6/4
(as a ratio of S&P 600 Materials)
02 04 06 08 10 12 14 16 18 20 22 240
1
2
3
4
5
6/4
(as a ratio of S&P 600 Energy)
02 04 06 08 10 12 14 16 18 20 22 240
20
40
60
80
100
120
140
6/4
(as a ratio of S&P 600 Telecommunication Services)
02 04 06 08 10 12 14 16 18 20 22 24.0
.4
.8
1.2
1.6
6/4
(as a ratio of S&P 600 Health Care)
200-day moving averageSource: Standard & Poor’s Corporation.
02 04 06 08 10 12 14 16 18 20 22 24.0
.5
1.0
1.5
2.0
6/4
(as a ratio of S&P 600 Utilities)
yardeni.com
S&P 600 Financials/S&P 600 Sectors
Page 24 / June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
Yardeni Research, Inc.
-
Figure 25.
02 04 06 08 10 12 14 16 18 20 22 241
2
3
4
6/4
S&P 600 HEALTH CARE INDEX(as a ratio of S&P 600 Index)
02 04 06 08 10 12 14 16 18 20 22 241.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
6/4
(as a ratio of S&P 600 Industrials)
02 04 06 08 10 12 14 16 18 20 22 240
2
4
6
8
6/4
(as a ratio of S&P 600 Consumer Discretionary)
02 04 06 08 10 12 14 16 18 20 22 242
3
4
5
6
7
6/4
(as a ratio of S&P 600 Information Technology)
02 04 06 08 10 12 14 16 18 20 22 24.4
.8
1.2
1.6
2.0
2.4
2.8
6/4
(as a ratio of S&P 600 Consumer Staples)
02 04 06 08 10 12 14 16 18 20 22 24.5
1.5
2.5
3.5
4.5
5.5
6.5
7.5
6/4
(as a ratio of S&P 600 Materials)
02 04 06 08 10 12 14 16 18 20 22 240
10
20
30
6/4
(as a ratio of S&P 600 Energy)
02 04 06 08 10 12 14 16 18 20 22 240
100
200
300
400
500
6/4(as a ratio of S&P 600 Telecommunication Services)
02 04 06 08 10 12 14 16 18 20 22 240
1
2
3
4
5
6
7
8
6/4
(as a ratio of S&P 600 Financials)
200-day moving averageSource: Standard & Poor’s Corporation.
02 04 06 08 10 12 14 16 18 20 22 240
1
2
3
4
5
6/4(as a ratio of S&P 600 Utilities)
yardeni.com
S&P 600 Health Care/S&P 600 Sectors
Page 25 / June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
Yardeni Research, Inc.
-
Figure 26.
02 04 06 08 10 12 14 16 18 20 22 24.8
1.0
1.2
1.4
6/4
S&P 600 INDUSTRIALS INDEX(as a ratio of S&P 600 Index)
02 04 06 08 10 12 14 16 18 20 22 24.2
.4
.6
.8
1.0
1.2
6/4
(as a ratio of S&P 600 Health Care)
02 04 06 08 10 12 14 16 18 20 22 24.6
.8
1.0
1.2
1.4
1.6
1.8
2.0
2.2
6/4
(as a ratio of S&P 600 Consumer Discretionary)
02 04 06 08 10 12 14 16 18 20 22 241
2
3
4
6/4
(as a ratio of S&P 600 Information Technology)
02 04 06 08 10 12 14 16 18 20 22 24.4
.6
.8
1.0
1.2
1.4
6/4
(as a ratio of S&P 600 Consumer Staples)
02 04 06 08 10 12 14 16 18 20 22 24.8
1.0
1.2
1.4
1.6
1.8
6/4
(as a ratio of S&P 600 Materials)
02 04 06 08 10 12 14 16 18 20 22 240
2
4
6
8
6/4
(as a ratio of S&P 600 Energy)
02 04 06 08 10 12 14 16 18 20 22 24020406080100120140160180
6/4
(as a ratio of S&P 600 Telecommunication Services)
02 04 06 08 10 12 14 16 18 20 22 24.5
1.0
1.5
2.0
2.5
6/4
(as a ratio of S&P 600 Financials)
200-day moving averageSource: Standard & Poor’s Corporation.
02 04 06 08 10 12 14 16 18 20 22 24.6
.8
1.0
1.2
1.4
1.6
1.8
6/4
(as a ratio of S&P 600 Utilities)
yardeni.com
S&P 600 Industrials/S&P 600 Sectors
Page 26 / June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
Yardeni Research, Inc.
-
Figure 27.
02 04 06 08 10 12 14 16 18 20 22 24.5
.6
.7
.8
.9
1.0
6/4
S&P 600 INFORMATION TECHNOLOGY INDEX(as a ratio of S&P 600 Index)
02 04 06 08 10 12 14 16 18 20 22 24.1
.2
.3
.4
.5
6/4
(as a ratio of S&P 600 Health Care)
02 04 06 08 10 12 14 16 18 20 22 24.2
.4
.6
.8
1.0
6/4
(as a ratio of S&P 600 Consumer Discretionary)
02 04 06 08 10 12 14 16 18 20 22 24.2
.4
.6
.8
6/4
(as a ratio of S&P 600 Industrials)
02 04 06 08 10 12 14 16 18 20 22 24.1
.2
.3
.4
.5
6/4
(as a ratio of S&P 600 Consumer Staples)
02 04 06 08 10 12 14 16 18 20 22 24.2
.6
1.0
1.4
6/4
(as a ratio of S&P 600 Materials)
02 04 06 08 10 12 14 16 18 20 22 240
2
4
6
6/4
(as a ratio of S&P 600 Energy)
02 04 06 08 10 12 14 16 18 20 22 2421426385062748698110
6/4
(as a ratio of S&P 600 Telecommunication Services)
02 04 06 08 10 12 14 16 18 20 22 24.2
.4
.6
.8
1.0
1.2
1.4
6/4
(as a ratio of S&P 600 Financials)
200-day moving averageSource: Standard & Poor’s Corporation.
02 04 06 08 10 12 14 16 18 20 22 24.0
.2
.4
.6
.8
1.0
6/4
(as a ratio of S&P 600 Utilities)
yardeni.com
S&P 600 Information Technology/S&P 600 Sectors
Page 27 / June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
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Figure 28.
02 04 06 08 10 12 14 16 18 20 22 24.2
.4
.6
.8
1.0
1.2
6/4
S&P 600 MATERIALS INDEX(as a ratio of S&P 600 Index)
02 04 06 08 10 12 14 16 18 20 22 24.0
.2
.4
.6
.8
1.0
1.2
6/4
(as a ratio of S&P 600 Health Care)
02 04 06 08 10 12 14 16 18 20 22 24.5
1.0
1.5
2.0
6/4
(as a ratio of S&P 600 Consumer Discretionary)
02 04 06 08 10 12 14 16 18 20 22 24.4
.6
.8
1.0
1.2
1.4
6/4
(as a ratio of S&P 600 Industrials)
02 04 06 08 10 12 14 16 18 20 22 24.2
.4
.6
.8
1.0
1.2
1.4
6/4
(as a ratio of S&P 600 Consumer Staples)
02 04 06 08 10 12 14 16 18 20 22 240
1
2
3
4
6/4
(as a ratio of S&P 600 Information Technology)
02 04 06 08 10 12 14 16 18 20 22 24.0.5
1.01.52.02.53.03.54.04.55.05.5
6/4
(as a ratio of S&P 600 Energy)
02 04 06 08 10 12 14 16 18 20 22 240
20
40
60
80
100
120
6/4
(as a ratio of S&P 600 Telecommunication Services)
02 04 06 08 10 12 14 16 18 20 22 24.2
.4
.6
.8
1.0
1.2
1.4
1.6
6/4
(as a ratio of S&P 600 Financials)
200-day moving averageSource: Standard & Poor’s Corporation.
02 04 06 08 10 12 14 16 18 20 22 24.0
.5
1.0
1.5
6/4
(as a ratio of S&P 600 Utilities)
yardeni.com
S&P 600 Materials/S&P 600 Sectors
Page 28 / June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
Yardeni Research, Inc.
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Figure 29.
02 04 06 08 10 12 14 16 18 20 22 24-.1
.1
.3
6/4
S&P 600 TELECOMMUNICATIONSERVICES INDEX(as a ratio of S&P 600 Index)
02 04 06 08 10 12 14 16 18 20 22 24-.1
.0
.1
.2
.3
6/4
(as a ratio of S&P 600 Health Care)
02 04 06 08 10 12 14 16 18 20 22 24-.1
.0
.1
.2
.3
.4
6/4
(as a ratio of S&P 600 Consumer Discretionary)
02 04 06 08 10 12 14 16 18 20 22 24-.2
.0
.2
.4
6/4
(as a ratio of S&P 600 Industrials)
02 04 06 08 10 12 14 16 18 20 22 24-.1
.0
.1
.2
.3
6/4
(as a ratio of S&P 600 Consumer Staples)
02 04 06 08 10 12 14 16 18 20 22 24-.1
.0
.1
.2
.3
.4
.5
.6
6/4
(as a ratio of S&P 600 Information Technology)
02 04 06 08 10 12 14 16 18 20 22 24-.1
.0
.1
.2
.3
6/4
(as a ratio of S&P 600 Energy)
02 04 06 08 10 12 14 16 18 20 22 24-.1
.0
.1
.2
.3
.4
6/4
(as a ratio of S&P 600 Materials)
02 04 06 08 10 12 14 16 18 20 22 24.0
.1
.2
.3
6/4
(as a ratio of S&P 600 Financials)
200-day moving averageSource: Standard & Poor’s Corporation.
02 04 06 08 10 12 14 16 18 20 22 24-.1
.0
.1
.2
.3
.4
6/4
(as a ratio of S&P 600 Utilities)
yardeni.comS&P 600 Telecommunication Services/S&P 600 Sectors
Page 29 / June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
Yardeni Research, Inc.
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Figure 30.
02 04 06 08 10 12 14 16 18 20 22 24.6
.8
1.0
1.2
1.4
1.6
1.8
2.0
6/4
S&P 600 UTILITIES INDEX(as a ratio of S&P 600 Index)
02 04 06 08 10 12 14 16 18 20 22 24.1.2.3.4.5.6.7.8.91.01.1
6/4
(as a ratio of S&P 600 Health Care)
02 04 06 08 10 12 14 16 18 20 22 24.6
1.0
1.4
1.8
2.2
2.6
3.0
3.4
6/4
(as a ratio of S&P 600 Consumer Discretionary)
02 04 06 08 10 12 14 16 18 20 22 24.6
.8
1.0
1.2
1.4
1.6
1.8
6/4
(as a ratio of S&P 600 Industrials)
02 04 06 08 10 12 14 16 18 20 22 24.3
.5
.7
.9
1.1
1.3
6/4
(as a ratio of S&P 600 Consumer Staples)
02 04 06 08 10 12 14 16 18 20 22 241
2
3
4
5
6
6/4
(as a ratio of S&P 600 Information Technology)
02 04 06 08 10 12 14 16 18 20 22 240
2
4
6
8
10
12
6/4
(as a ratio of S&P 600 Energy)
02 04 06 08 10 12 14 16 18 20 22 24.5
1.0
1.5
2.0
2.5
3.0
6/4
(as a ratio of S&P 600 Materials)
02 04 06 08 10 12 14 16 18 20 22 24.5
1.0
1.5
2.0
2.5
3.0
6/4
(as a ratio of S&P 600 Financials)
200-day moving averageSource: Standard & Poor’s Corporation.
02 04 06 08 10 12 14 16 18 20 22 240255075100125150175200225250
6/4
(as a ratio of S&P 600 Telecommunication Services)
yardeni.com
S&P 600 Utilities/S&P 600 Sectors
Page 30 / June 4, 2021 / Paired Trades for the S&P 500/400/600 Sectors www.yardeni.com
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