Late Afternoon Sector Rotation

This is interesting because we can see where sentiment is going.

Late afternoon rotation is seeing Financials start to fall behind, Discretionary is also falling behind, Energy has been slowly slipping all day (not oil alone, the entire Energy complex), Industrials appear to be starting to back off as well and Tech is right on the edge (risk sectors). On the defensive side or Flight to safety, HealthCare and Staples are moving in to better relative performance, Utilities are still lagging far behind, put perhaps so far behind they've hit a bottom of sorts, I've seen it many times.

Still watching the Risk Assets to see what's being used and how to understand the character if not motivation.