Why Rotation?

Supply and Demand.  The dynamic expressed by this phrase is the cornerstone of Capitalism:  In fact, this concept drives most of the things that we experience in life and is not confined just to issues of money.  But for our purposes, the supply demand dynamic is played out daily in the public stock markets and … Continue reading Why Rotation?

Trends And Rotation

In the last article, I discussed the likelihood of rotation in the stock markets even as bigger trends continue to advance.  While the market leaders in the tech heavy Nasdaq issues held mainly firm, conspicuous strength rotated into a number of other emerging sectors. As discussed last year, the surprising strength of the consumer economy … Continue reading Trends And Rotation

Cycles And Rotation

Classical models of market activity hold that there are predictable cyclic rotations in the equity markets.  We are familiar with the overlapping sine waves of market segments as they progress through their stages of growth and decline. In broad brushstrokes, as leading industries such as financials mature, we would expect to see robust economic activity … Continue reading Cycles And Rotation