Bond & Equity out, "Everything Else" in

Sector rotation written large

Visualizing the world’s assets

Some time ago, MacroAlf from the MacroCompass shared this graph below on his Twitter. I will use it as a base to explain something that seems to confuse a lot of investors.

In pink color are debt securities (essentially bonds, public and private) and purple color equities. For many investors, if people sell equities (like t…