In this edition of StockCharts TV's Sector Spotlight, I talk you through the rotations for asset classes and sectors as they are currently unfolding. At asset class level, the improvement for fixed-income-related assets is worth noticing, as it is pushing stocks (SPY) down and into the lagging quadrant against a balanced index fund. In the sectors, Materials stands out because of its very stable trend, while Tech and Discretionary remain very weak from both a price and a relative perspective. At the end of the show, I plot a group of international stock market indexes against the DJ Global index. It is primarily the US indexes (SPX, NDX, INDU) that are showing weak tails, which, as a result, pushes other markets into leading.
This video was originally broadcast on May 24, 2022. Click anywhere on the Sector Spotlight logo above to view on our dedicated Sector Spotlight page, or click this link to watch on YouTube. You can also check out the video on the StockCharts TV on-demand website StockChartsTV.com, or on the associated app on mobile platforms like iOS and Android, or TV platforms like Roku, Apple TV, Amazon Fire TV and Chromecast.
Sector Spotlight airs weekly on Tuesdays at 10:30-11:00am ET. Past episodes can be found here.
#StaySafe, -Julius
Julius de Kempenaer
Senior Technical Analyst, StockCharts.com
Creator, Relative Rotation Graphs
Founder, RRG Research
Host of: Sector Spotlight
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