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
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.
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