Sector comparison periods: 1M: Oct 5, 2026 – Nov 3, 2026; 3M: Aug 5, 2026 – Nov 3, 2026.
Dated ETF assessment. Official economic releases are available separately. Stock evidence is based on dated daily ETF observations when available; no recession probability is inferred.
StocksDefensive pullback
Economy+29K jobs
Business cycle
How major assets typically rotate
Phase uncertain · No single current zone established
Illustrative cycle · Phases can reverse or skip.
Markets can turn before the economy.
Sector rotation
What usually leads as conditions change
Typical leadersHistorical tendencies, not a ranking
RecoveryTechnology
ExpansionIndustrials
SlowdownStaples
ContractionUtilities
Phase uncertain · No single current zone established
Typical relationships, not a forecast.
What to watch next
Reported evidence, no forecast. ETF price returns exclude dividends.
