Sector Rotation

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.

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