Sector Rotation Observatory
Sector Rotation Observatory
Energy leads, but 6 of 11 sectors are higher over the month.
This page checks whether a headline index move is shared across the market or carried by a small group.
11
sectors
sectors
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Leadership is not the same as breadth.
The leader can make the market look healthier than the typical sector. Removing it leaves an average one-month return of +1.2%.
The useful question is whether the middle of the market follows the winner. Today the median sector is +1.4%.
What sits under the index?
Price and trading can point in different directions. That disagreement is a reason to look closer, not a verdict by itself.
| Sector | 1 month | 3 months | Versus SPY | 50-day line | Trading pressure |
|---|---|---|---|---|---|
| Energy | +6.1% | +16.6% | +5.4% | Above | Buying pressure |
| Consumer staples | +6.0% | +4.4% | +5.4% | Above | Buying pressure |
| Healthcare | +4.7% | +10.0% | +4.1% | Above | Buying pressure |
| Consumer discretionary | +3.3% | -0.1% | +2.7% | Above | Buying pressure |
| Materials | +2.4% | +2.2% | +1.8% | Below | Buying pressure |
| Utilities | +1.4% | -7.2% | +0.7% | Below | Buying pressure |
| Communication | -0.3% | +0.4% | -1.0% | Below | Selling pressure |
| Financials | -1.1% | -1.5% | -1.7% | Below | Buying pressure |
| Real estate | -1.2% | -7.0% | -1.8% | Below | Selling pressure |
| Industrials | -1.5% | -6.5% | -2.2% | Below | Buying pressure |
| Technology | -1.8% | +3.0% | -2.4% | Below | Selling pressure |
