FundFlow — Sector-Rotation Desk

FUNDFLOWSECTOR-ROTATION DESK
ARCHIVEAS OF 23 Jun 2026· REFRESHED DAILY

DESK POSITION · FROZEN-LIVE

No position captured yet — the frozen-live record starts at the first daily capture.

building record0 calls logged · 0 matured · headline shows at n≥10

Frozen-live record began — · NO reconstructed pre-history · measured as excess vs SPY buy-hold · gross, before costs · price-derived tags, not executed trades, not actual fund flows

Rotation

Where leadership is rotating

Leaders
Emerging
Cooling
Avoid

Price-derived sector leadership (RS + Rotation), not actual fund flows.

Story

Biggest changes

No regime changes in the last 0 sessions.

vs 0 sessions ago · Strength = total move · Leadership axis is fast/noisy — a watchlist cue, not a verdict

Breadth

Market breadth

Not enough history to measure breadth yet.

S&P 500733.67-1.4%
Nasdaq 100713.52-3.3%
Dow516.57-0.1%
Russell 2000295.29-1.0%
Vol (VIXY)23+5.3%
Regime
Breadth
Leader
Movers

Today

Desk note

Risk-off session: Nasdaq leads decline as tech underperforms; defensives bid

SPY -1.44%, QQQ -3.31%, DIA -0.10%, IWM -0.97%. VIXY proxy +5.26%. The market split sharply along risk lines: Technology (XLK -4.13%) led sector weakness alongside Industrials (-2.01%), Materials (-1.49%), and Consumer Discretionary (-1.04%). Defensive sectors outperformed meaningfully — Consumer Staples +1.84%, Real Estate +1.39%, Health Care +1.38%, Utilities +0.83%, Energy +0.72%. The Dow's modest decline versus the Nasdaq's sharp drop reflects the concentration of selling in mega-cap tech and semis. Down movers were dominated by TSLA -5.80%, AMD -5.73%, and ORCL -5.62%, while MRK +3.56%, CRM +2.18%, and WMT +1.91% provided offsetting strength. The breadth of defensive outperformance and the VIXY proxy move suggest a rotation rather than isolated tech profit-taking; whether it extends depends on whether the growth-to-defensive rotation persists or mean-reverts on stabilizing sentiment.

Desk signals · Members

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