Is sector rotation getting harder to spot, or am I just missing the signals?
Been watching the markets lately and it feels like the usual sector rotation patterns are a bit… blurry. I remember a time when you could pretty reliably see money moving from one group to another, especially in tech. Now, with $COMP down 4.71% today and hitting 11.32, it just seems to drag everything else down with it, or at least creates this general malaise.
Take something like $ABC, which is barely down 0.23% at 179.98. It feels almost insulated in comparison, but is that real strength or just slower to react? And $SPY, hovering around 745.4, down a bit too, but not dramatically. It makes me wonder if the broader market is just so intertwined now that traditional sector calls are less potent. Are we seeing more correlation across the board, even when fundamentals might suggest divergence? Or am I just looking at the wrong timeframes or misinterpreting the signals? Love to hear if others are noticing this, or if you're still finding clean rotation plays. Push back if you think I'm off base!
I've been feeling that too! It's like the rotations are much shorter-lived, or the signals are just weaker than they used to be. Makes it tough to jump in with conviction.