The Industrials sector hasn’t gone anywhere since July, and I’d say that’s a pretty good digestion off those gains from the April lows. With strength across Aerospace & Defense, Machinery, Robotics, and Engineering & Construction, Industrials have been one of the best areas this year, outperforming the S&P 500 just like you’d expect in a normal bull market. So far they’re correcting the right way, sideways not down, and through time instead of price. Of course any consolidation can break lower and if this leadership group starts rolling over after months of chop, that’s something I won’t ignore. A break higher aligns with the highly anticipated end of the year rally, and that might be the very thing to be cautious about, lol.

Do you think Industrials are ready for rotation? Feel free to reach out and let me know your thoughts. As always, thanks for reading and blessings to all!

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