In this edition of StockCharts TV’s Sector Spotlight, after going over the current rotations for asset classes and sectors, I use the Equal Weight sectors to update and gauge the current position of the market in relation to the economic cycle. Since December, things seem to have shifted more towards the full recovery phase, which aligns with a market-top moving towards a bear market. Given the fact that the current uptrend is still visible for the S&P 500, we are not there yet, but underlying rotations, especially the strength of defensive sectors, suggests that things are shifting.
This video was originally broadcast on January 18, 2021. Click anywhere on the Sector Spotlight logo above to view on our dedicated Sector Spotlight page, or click this link to watch on YouTube. You can also check out the video on the StockCharts TV on-demand website StockChartsTV.com, or on the associated app on mobile platforms like iOS and Android, or TV platforms like Roku, Apple TV, Amazon Fire TV and Chromecast.
Sector Spotlight airs weekly on Tuesdays at 10:30-11:00am ET. Past episodes can be found here.
#StaySafe, -Julius