In this edition of StockCharts TV's Sector Spotlight, I take a look at last week's rotations for asset classes and sectors, noticing the improving relative strength for stocks vs. bonds but a general weakening of both stock and bond markets in price terms. The rapid rise of yields is taking its toll on the stock market, where defensive sectors are stepping to the forefront. I then take a look at the Sector Rotation Model, bringing the sector views to the SRM framework while adding the four macro economic indicators that support the model into the mix, concluding that the (stock) market is very likely past its top and shifting towards the early recession phase.
This video was originally broadcast on April 12, 2022. 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
Julius de Kempenaer
Senior Technical Analyst, StockCharts.com
Creator, Relative Rotation Graphs
Founder, RRG Research
Host of: Sector Spotlight
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