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Those are bonds and commodities umns. E final two col friday, a new record. It pushed the dax above estimates. Rsi is the relative strength index. The lower part of the chart is that an 18year high. The been overboard territory, levels not seen since the bubble. The rsi recently reached 70 points following the election of donald trump. Keep an eye on the ducks index dax index. The appetite for stocks tied to growth is no longer benefiting europe over the rest of the world. Index has lagged its mid2016uivalent since as banks have rallied. Morgan stanley analysts assign the blame to a scarcity of Technology Stocks in europe. The blue line, cyclicals versus defensivens. Turning to one of the periphery countries, portugal. There are still signs investors are hungry for portuguese bonds. This is the 10year going back to 2014. The yield on the 10year is hovering just above 2 , down four basis points today. This is a level not seen si ....