Capital Rotation Evidence

Twelve macro and market elements measured versus gold. Each box turns red when that element enters a bear market against gold — i.e. gold is out-performing it. Mechanically, a box is Bear when its gold-relative ratio sits below its own 200-day moving average, and Bull when it's above. The headline indicator counts how many of the twelve are bearish-versus-gold. As they fall one by one (the capital rotation process), capital is rotating out of paper assets and into hard assets; a full red board marks the rotation event. Market series come from Yahoo Finance, macro levels from FRED, and gold from COMEX futures — all live.