Our custom Global Safe-Have Index trending lower versus global equities i.e. demand for safe-haven assets have been lost as riskier assets continue to be supported. On a relative basis, the price is approaching a 7-month low where safe-havens may find technical support on a relative basis versus global equities. Also note we have a small bullish divergence starting to develop as per the RSI .

The Global Safe-Haven Index is comprised of:

- Gold
- TLT (Treasuries)
- JXY (Japanese Currency Index)
- SXY (Swiss Currency Index)
- SPLV ( S&P500 Low Volatility Index)
- Emerging Markets ETF (INVERSE)
- Copper (INVERSE)
- USDKRW ( US Dollar / Korean Won)
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