We're seeing a continued rotation into risk-on sectors in the equities market.
Technology, Industrials, Communications, and Financials are all leading the charge β a classic sign of growing investor appetite for growth and economic sensitivity.
Meanwhile, the more defensive areas like Consumer Staples and Healthcare are lagging. That tells us investors are stepping out of their bunkers and leaning into areas that benefit from economic momentum.
This kind of sector leadership tends to show up in the early and middle stages of bull cycles β not the end.
