Stocks 18th Jul '22 Cyclicals vs. Defensive Stocks Ratio Defensive stocks have strongly outperformed cyclicals this year. Partly this is driven by extreme flows. Chart is from the excellent Weekly Chart Storm by Callum Thomas, absolutely recommend subscribing. Click to share on X (Opens in new window) X Click to email a link to a friend (Opens in new window) Email Click to share on LinkedIn (Opens in new window) LinkedIn