The Basic Materials and Utilities Ratio: Just Call It The Real Time PMI
Basic Materials/Utilities XLB/XLU…The Real Time PMI? So the Basic Materials/Utilities ratio is calculated by simply dividing one by the other. If you have the SP Sector data then you can use that or just use the sector ETF’s of XLB/XLU. In Excel it would be =XLB/XLU, in Stockcharts.com it would be XLB:XLU, etc. It is…