NO.PZ2022081802000107
问题如下:
QuestionThe chart above depicts the relative strength lines for a stock index versus both a bond index and gold. In the month of June, it would be most appropriate for an analyst using intermarket analysis to move investments from:
选项:
A.gold to stocks. B.stocks to bonds. C.bonds to gold.解释:
SolutionB is correct. In intermarket analysis, technicians often look for inflection points in one market as a warning sign to start looking for a change in trend in a related market. To identify these intermarket relationships, a commonly used tool is relative strength analysis, which charts the price of one security divided by the price of another. In June, only the dashed line shows an inflection point (a top and reversal of trend) and that is an indication that the stock index started to weaken relative to the bond index. Therefore, it is a signal that the time had come to move investments from stocks to bonds.
A is incorrect. Starting from June, the continuous line is basically flat, indicating that neither stocks nor gold have a relative strength compared to each other (neutral performance).
C is incorrect. Given that from June, bonds indicate relative strength vs. stocks and that there is no relative strength between stocks and gold, it can be inferred that bonds have also a relative strength vs. gold. Therefore, it is not appropriate moving from bonds to gold.
如题