Chart Of The Day: Now, That's What I Call Market Rotation

Over the last few days, the high-momentum groups leading us to the upside, like tech and chips, are now withering, while the less-popular, less-exciting names, like consumer staples and health care, are shining. The MoneyShow Chart of the Day shows the performance of the iShares Semiconductor ETF, State Street Technology Select Sector SPDR ETF, State Street Consumer Staples Select Sector SPDR ETF, and State Street Health Care Select Sector SPDR ETF in the last five trading days through yesterday afternoon. Concerns are growing about massive borrow-and-spend plans by top US hyperscalers – and whether all the capex investment will ever pay off.

There’s sector rotation. Then there’s what happened over the last few days! The high-momentum groups leading us to the upside, like tech and chips, are now withering... while the less-popular, less-exciting names, like consumer staples and health care, are shining.