S&P 500 has fallen more than -3% in two days. Maybe it is the long-waited beginning of a local risk-off from broad equities to more safe assets. Let's take a look at the broad picture.
The charts are prepared with Cognitum Rebalancer.
Low risk vs. High risk
10-years treasuries (TLT) vs. broad stocks (SPY):
10-years treasuries (TLT) vs. high-yield bonds (HYG):
Protective stocks vs. Broad stocks
Dividend stocks (SDY) vs. broad stocks (SPY):
Low-vol stocks (SPLV) vs. broad stocks (SPY):