June 10, 2020, 11:44 am EDT
Sector Rotation
After core sectors, financial, industrial, energy took leadership in the past 3-4 weeks, technology took back its leadership role while core sectors pulled back:. DJIA -0.67, S&P -0.35, Nasdaq +0.48
- Mega caps: AAPL, AMZN, MSFT
- Semiconductor: INTC, AMD, NVDA, QCOM
- Software: CRM, NOW, ADBE
- Momentum: TSLA, ZM
This rotation is a sign of strength because technology-centric Nasdaq index is considered an offensive type among sectors.
