“The Sector Rotation Just Changed. Here’s What’s Leading”
GOVT is in a relative downtrend and is neutral with a negative outlook; a break of support would likely lead to further underperformance.
The other asset class I want to show you is government bonds. And what you will see there is still what I said, just kind of the opposite of stocks because here you see a massive downtrend.
It's pretty much all the time here in a downtrend with a few upticks here in 2022 a little longer and then there was a very short one again in 2025. And ever since it's been below 100 meaning that this is in a relative downtrend and if you eyeball it, you can see that it's in a downtrend.