FundFlow — Sector-Rotation Desk
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
Where leadership is rotating
Price-derived sector leadership (RS + Rotation), not actual fund flows.
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
Market breadth
Not enough history to measure breadth yet.
Today
Nasdaq advances as mega-cap tech diverges; cyclicals and health care lead broad rotation
SPY closed effectively flat (+0.004%) while QQQ gained +0.81% and IWM added +0.72%, with VIXY declining -1.88% to signal easing near-term hedging demand. The session's defining feature was internal divergence: QQQ rose despite sharp declines in AAPL (-6.12%), MSFT (-3.49%), and ORCL (-3.22%), implying breadth from non-mega-cap constituents such as AMD (+2.47%). Sector relative performance was led by Industrials (+2.20%), Health Care (+1.55%), and Materials (+1.33%), while Consumer Discretionary (-1.47%) and Communication Services (-0.90%) lagged. MRK (+4.02%) and UNH (+2.40%) anchored the Health Care bid. The combination of small-cap outperformance, cyclicals leading, and vol compression is consistent with a risk-on rotation away from concentrated mega-cap leadership, though the flat SPY print suggests the net index-level signal remains balanced rather than decisively directional.
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