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S&P 500 Industrials to S&P 500 Consumer Discretionary Ratio.

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100 0 1
S&P 500             Industrials relative to S&P 500             Consumer Discretionary.
25 years ratio low.

Similar setup with 1992             , 2000, 2004.

Setup for a bottom, history says, “Buy” Industrials and “Sell” Discretionary. Out performance for 2-5 years thereafter.

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