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Sector Spotlight: 62% of the Market is Now in a Downtrend

In this edition of StockCharts TV’s Sector Spotlight, I begin with an update on current rotations in asset classes and sectors, highlighting continued strength for defensive sectors. As this Tuesday (5/31) is both the last Tuesday of the month (of May) and the end of the month, I combine the seasonality and monthly chart segments. Seasonality is looking interesting, as the three sectors that have meaningful historical percentages of over-underperformance against SPY in June are aligning with their current rotations. Finally, I pick a few monthly charts from asset classes, as well as sectors, to discuss, concluding with the observation that 62% of market capitalization of the S&P (measured per sector) is now in a downtrend.

This video was originally broadcast on May 31, 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, 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

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