Our market commentary earlier this week touched on the internal rotation into risk assets that we’ve seen over the past month. In follow up, I have shared below a chart of performance within the various sectors of the broad U.S. equity market over the past 30 days.
As you can see, money has rotated into sectors like financials, energy, technology, materials and industrials. At the same time money has left former leaders like utilities real estate and consumer staples. This rotation is in response to rising bond yields on the back of renewed prospects for economic growth.
This below performance data is courtesy of stockcharts.com.