MSCI World Tag

Citi Economic Surpise Index & Counter-Cyclicals

16 Oct, by Knowledge Leaders Team in Uncategorized

Normally cyclical sectors outperform counter-cyclical sectors when the Citigroup Economic Surprise Index is rising and underperform when it is falling.  The Citi Econ Surprise Index is now down since 9/12/13, having fallen over 25 points....

MSCI Cyclical and Counter-Cyclical Baskets

08 Oct, by Knowledge Leaders Team in Uncategorized

We divide the MSCI World index into cyclical (including materials, industrials, technology and consumer discretionary, financials and energy) and counter-cyclical baskets (including consumer staples, health care, telecom, utilities).  The relative performance of cyclicals vs. counter-cyclicals generally improves when the economic news is improving and contracts...