🔎 Cyclicals Lead the Way Higher

Here’s this week’s industry ETF table.

Leadership has remained largely unchanged in recent months, with the same groups continuing to lead. Strength persists in the most cyclical areas of the market: metals, materials, and other industries closely tied to commodities.

From a broader perspective, this is constructive. These groups tend to outperform when there is sustained, structural demand for commodities, which is a classic signal of economic expansion.

At this point, there’s no indication that this leadership is rolling over or changing.

The full Chart Summit replays are now available.

They’re organized by presenter, so you can spend time with the sessions most relevant to how you approach markets.

This is the kind of material that’s worth revisiting slowly, with charts open.