THE BIG FIVE(s): Miners vs Banks - Friday, 26 July 2024

Pre-Market

This is a ratio chart, showing a basket of miners (AGL, BHG, GLN, ARI and S32) vs banks (ABG, CPI, FSR, NED and SBK). Zooming out, the ratio is approaching a potentially key level on multi-year basis. If the ratio trades at or around this level, it would likely be approaching oversold on a multi-week and multi-month basis, which could offer an appealing reward-to-risk for traders looking to buy miners and sell banks.

Lester Davids

Analyst: Unum Capital