From the Desk of Alfonso Depablos @Alfcharts
A major theme we’ve witnessed in recent weeks is a shift in leadership as sector rotation continues to spread across the US equity market.
One could argue it is more a general broadening of the rally than it is rotation.
Regardless, one of the major beneficiaries has been Materials.
With commodity markets getting back in gear, industry groups from copper and steel to agricultural inputs are showing strength again.
With broad participation beneath the surface, this is a group we want to be adding long exposure too in the coming days and weeks.