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Multi-Asset/Macro | Global Safe Haven Index vs MSCI World (URTH) – UnumCapital
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Multi-Asset/Macro | Global Safe Haven Index vs MSCI World (URTH)

Multi-Asset/Macro | Global Safe Haven Index vs MSCI World (URTH)

Multi-Asset/Macro | Global Safe Haven Index vs MSCI World (URTH)

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)

Lester Davids

Lester joined Unum Capital in July 2016 and is a Trading Desk Analyst focusing on local (JSE) and global multi-asset class technical strategy and research which includes idea generation.

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