Sector Shake-Up: Defensive Moves and Tech’s Tumble Last week’s market volatility stirred up the sector rankings, with 6 out of 11 sectors changing positions. While the top three remain steady, we see a clear rotation from cyclical to more defensive sectors. Let’s dive into the details and see what the charts tell us. The weekly sector ranking has undergone some significant changes. Communication Services (XLC) is holding firm. Financials (XLF) is maintaining position. Consumer discretionary remains steady, but is showing weakness. Consumer Staples (XLP) is the new entrant to the top 5, while Utilities (XLU) Holds its ground at #5. The big story here is the rise of defensive sectors. Health Care (XLV) made a notable jump from 10th to 6th place, while Technology (XLK) took a nosedive from 4th to 10th. This shift is characteristic of the broader shift from cyclical to defensive plays. The New Sector Lineup (1)…
