Industry Group Rotation Since The Last Market High

Bespoke Investment Group48.44K FollowersFollow5ShareSavePlay(4min)CommentsSummaryAs of 2/23, the S&P 500 was down about 2% since 1/28, while the mega-cap heavy Nasdaq 100 was down 5%.Within the broader large-cap Russell 1000, the average stock in the index is down just 0.3% since 1/28.Software has seen its market cap fall by nearly $1.5 trillion since 1/28, while Financial Services has fallen nearly $500 billion.Some of the groups that have seen the biggest gains in market cap over the same time frame include Capital Goods, Tech Hardware, Energy, and Pharma/Biotech. shih-wei/E+ via Getty Images Large-cap US equity indices made their last all-time highs at the end of January on 1/28, which was also the last Fed Day. As of 2/23, the S&P 500 was down about 2% since 1/28, while the mega-cap-heavy Nasdaq 100This article was written byBespoke Investment Group48.44K FollowersFollowBespoke Investment Group provides some of the most original content and intuitive thinking on the Street. Founded by Paul Hickey and Justin Walters, formerly of Birinyi Associates and creators of the acclaimed TickerSense blog, Bespoke offers multiple products that allow anyone, from institutions to the most modest investor, to gain the data and knowledge necessary to make intelligent and profitable investment decisions. Along with running their Think B.I.G. finance blog, Bespoke provides timely investment ideas through its Bespoke Premium (https://bespokepremium.com/) subscription service and also manages money (https://bespokepremium.com/mm) for high net worth individuals. Visit: Bespoke Investment Group (https://bespokeinvest.com/)