first majestic silver

Defensive Sectors Indicate Late-Stage Rotation

Founder & Editor @ NFTRH.com
August 29, 2024

Defensive sectors like Healthcare, Consumer Staples and Utilities are ticking new highs as the market rotates.

Market rotation was a theme running through NFTRH 824 last weekend. As recessionary pressures slowly build, the machines are methodically rotating to the defensive sectors relative to the offensive ones.

In #824 we noted the precarious state of the cyclical market leadership chain (SOX > NDX > SPX). The back end of the chain (SPX) includes the defensives, so logically it would be performing better than its two leaders. Here’s a picture of Healthcare, Consumer Staples and the Utes, not only ticking new highs for the cycle, but also new highs, all-time.

For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe by Credit Card or PayPal using a link on the right sidebar (if using a mobile device you may need to scroll down) or see all options and more info. Keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter@NFTRHgt.

********

Gary Tanashian is founder and editor of the popular Notes from the Rabbit Hole (NFTRH). Gary successfully owned and operated a progressive medical component manufacturing company for 21 years, keeping the company’s fundamentals in alignment with global economic realities through various economic cycles. The natural progression from this experience is an understanding of and appreciation for global macro-economics as it relates to individual markets and sectors.


The periodic symbol for gold is AU which come from the Latin for gold aurum.
Top 5 Best Gold IRA Companies

Gold Eagle twitter                Like Gold Eagle on Facebook