Sector Rotation Observatory
Sector Rotation Observatory
Technology leads, but 5 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 -0.5%.
The useful question is whether the middle of the market follows the winner. Today the median sector is -0.5%.
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 |
|---|---|---|---|---|---|
| Technology | +7.4% | +9.8% | +4.5% | Above | Buying pressure |
| Healthcare | +3.5% | +6.2% | +0.5% | Above | Buying pressure |
| Consumer staples | +1.1% | -0.7% | -1.9% | Below | Selling pressure |
| Consumer discretionary | +1.0% | -2.5% | -2.0% | Below | Selling pressure |
| Energy | +0.8% | +15.4% | -2.2% | Above | Selling pressure |
| Industrials | -0.5% | -5.9% | -3.5% | Below | Buying pressure |
| Communication | -0.7% | -0.8% | -3.7% | Below | Selling pressure |
| Utilities | -1.9% | -8.8% | -4.9% | Below | Selling pressure |
| Materials | -2.2% | -1.8% | -5.2% | Below | Selling pressure |
| Real estate | -2.5% | -6.1% | -5.5% | Below | Selling pressure |
| Financials | -3.4% | -2.0% | -6.4% | Below | Selling pressure |
