Julius updated his Relative Rotation Graph portfolio tool. The tool shows that even though the market feels shaky, the underlying moves are steady.
Commodities are still the strongest group. They keep pulling the market up. Stocks are under pressure and are not doing well.
Bonds and the U.S. dollar are beginning to get better. They are showing small gains.
Looking deeper, the leaders of each sector are changing. Defensive areas such as utilities and real estate are getting stronger.
In contrast, technology and financial companies are losing momentum.
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