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Market Impact: 0.2

U.S. Equity Sector Rotation Chartbook, May 2026

Market Technicals & FlowsInvestor Sentiment & Positioning

Most sectors are currently showing strong correlation to the broader market versus historical norms, indicating a more macro-driven tape. XLK and XLE are leading market performance, followed by VEU and XLI, pointing to technology, energy, international equities, and industrials as the current leadership groups.

Analysis

Most sectors are currently showing strong correlation to the broader market versus historical norms, indicating a more macro-driven tape. XLK and XLE are leading market performance, followed by VEU and XLI, pointing to technology, energy, international equities, and industrials as the current leadership groups.

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Market Sentiment

Overall Sentiment

neutral

Sentiment Score

0.10