RRG Charts

Sector Spotlight: Bonds Drop, Money Leaves Materials Sector

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In this edition of StockCharts TV's Sector Spotlight, to kick off the month of July, I dive into the status of the long-term trends as they are unfolding on the monthly charts. The main message from the asset classes is that the bond market is clear: Corporate- and High-Yield bond issuers need to pay up for investors to be interested in buying their bonds. This is pushing yields up across the board and bond prices down.

The S&P remains in a downtrend on the monthly time frame, and there are only a few sectors left in uptrends. To no one's surprise, these are the defensives. The most significant move came from the Materials sector, which completed a big top formation and is now rapidly moving lower.

Click here to see the Public Chartlist for Sector Spotlight.

This video was originally broadcast on July 5, 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
CreatorRelative Rotation Graphs
FounderRRG Research
Host ofSector Spotlight

Please find my handles for social media channels under the Bio below.

Feedback, comments or questions are welcome at Juliusdk@stockcharts.com. I cannot promise to respond to each and every message, but I will certainly read them and, where reasonably possible, use the feedback and comments or answer questions.

To discuss RRG with me on S.C.A.N., tag me using the handle Julius_RRG.

RRG, Relative Rotation Graphs, JdK RS-Ratio, and JdK RS-Momentum are registered trademarks of RRG Research.

Julius de Kempenaer
About the author: is the creator of Relative Rotation Graphs™. This unique method to visualize relative strength within a universe of securities was first launched on Bloomberg professional services terminals in January of 2011 and was released on StockCharts.com in July of 2014. After graduating from the Dutch Royal Military Academy, Julius served in the Dutch Air Force in multiple officer ranks. He retired from the military as a captain in 1990 to enter the financial industry as a portfolio manager for Equity & Law (now part of AXA Investment Managers). Learn More
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