Intermarket analysis is the study of the relationships between different asset classes and markets. The goal of intermarket analysis is to identify trends and patterns that can help traders and investors make informed decisions about buying and selling securities.

Intermarket analysis typically involves analyzing the relationships between the stock market, bond market, commodity market, and currency market. For example, if the stock market is performing well, it may be a sign that the economy is strong, which could lead to higher interest rates and a stronger currency. Conversely, if the stock market is performing poorly, it may be a sign that the economy is weak, which could lead to lower interest rates and a weaker currency.

Intermarket analysis also involves analyzing the relationships between different sectors within the stock market. For example, if the technology sector is performing well, it may be a sign that the economy is shifting towards a more technology-driven future, which could lead to higher growth and profits for technology companies.

Overall, intermarket analysis can provide valuable insights into the broader economic and market trends that can impact the performance of individual securities and portfolios.