FundFlow — Sector-Rotation Desk

FUNDFLOWSECTOR-ROTATION DESK
ARCHIVEAS OF 29 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 500741+1.6%
Nasdaq 100724.08+2.5%
Dow521.68+0.8%
Russell 2000298.97-0.3%
Vol (VIXY)21.7-4.1%
Regime
Breadth
Leader
Movers

Today

Desk note

Risk-On Rally Led by Mega-Cap Tech and Discretionary; Small Caps Diverge Lower

SPY closed up 1.65% and QQQ up 2.49%, with the volatility proxy VIXY down 4.07%, signaling a broad de-risking of hedging demand. DIA lagged at +0.76% and IWM closed negative at -0.29%, marking a notable large-cap-versus-small-cap divergence. Sector relative performance was led by Consumer Discretionary (+2.40%) and Technology (+2.37%), with Communication (+1.60%) and Industrials (+0.86%) also positive. Defensive and cyclical-value groups underperformed: Materials -1.82%, Real Estate -0.71%, Energy -0.48%, Consumer Staples -0.40%, Utilities -0.39%. Financials and Health Care were marginally positive at +0.28% and +0.25%, respectively. Single-stock leadership came from TSLA (+8.46%), GOOGL (+4.82%), and AMD (+3.43%), while PEP (-1.92%), UNH (-1.89%), and NEM (-1.69%) led declines. The breadth skew is growth-heavy; whether small-cap weakness is a lagging rotation or an early caution signal depends on whether IWM stabilizes or breaks further in coming sessions.

Desk signals · Members

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