Strong sector rotation on 1 month, looking at S&P 500 by sector :
- consumer staple : - 0.9 %
- consumer discretionary : - 0.7 %
- tech : - 3.2 %
- basic material : - 9.5 %
- energy : - 10.3 %
S&P 500 : - 3.9 % on 1 month.
This looks in line with US 10 year treasury which has come back from a peak of 3.49 % to 3.09 %.
All this looks logical, looking at what's happening with oil and iron ore prices.
