US equity flows turn to traditional sectors after years of tech outperformance.
Yesterday’s Manufacturing PMI beat (52.6 vs. 48.5 expected) has brought traditional and defensive sectors back into the spotlight for equity investors.
After a volatile January, traders are still searching for the dominant trend
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With tech valuations stretched and growth resilient, capital is rotating into traditional, lower-beta sectors as investors seek stability and overlooked value.
Dow Jones, Nasdaq, and S&P 500 remain range-bound, with profit-taking at highs and key support/resistance levels guiding near-term trading strategies.
Monitor sustained outperformance in producer manufacturing and consumer durables, alongside range-bound action and profit-taking in tech-heavy indices.
