And then ….. all of a sudden….. things are heating up. Lots of (downside) market action in the past week. Let’s see what sector rotation and RRGs can tell us. The RRG at the top is a daily RRG, as recent price action has significantly impacted near-term rotations. The main takeaway is the concentrated risk-off rotation, with Technology and Consumer Discretionary rotating into the lagging quadrant. To offset the nose-dives in these two sectors, many others came floating to the surface on a relative basis. Utes Lead, Tech Lags Looking at the price performance over the last five days (snapshot Friday, 8/2, 1:30 pm ET), we see the defensive sectors rising to the top of the table, while the more offensive sectors are found at the bottom. Investors are flocking to the safe havens of Utilities, Consumer Staples, and Healthcare. The odd ones are Real Estate and Communication services (META…
