The last RRG blog on US sector rotation dates back to late March, about six weeks ago. Since that post "Bad health (care) for XLV" some of the rotations in play continued while others were not able to maintain their expected rotational paths and moved the other way.
The Relative Rotation Graph below shows the current positions of the S&P sector ETFs vis-á-vis the S&P 500 index (SPY) and each other.
- XLF and XLV remain weak despite the rise of relative momentum
- XLK crossing over into lagging quadrant
- XLE pushing into leading quadrant at high relative momentum
- XLU and XLP stalling inside weakening quadrant and turning up