Is Rotation Over? Strong rebound in Semis and Magnificent 7 stocks led the index gains today, not surprising after last week's sharp losses. MAGS cycles were indicating a bounce. However, 8 out of 11 sectors showed negative breadth; 2nd day in a row while headline indices showed nice gains! Didn't someone mention yesterday that rotation into the broader market might be running out of fuel?
Published Jun 30, 2026Updated Jun 30, 20262 min read
Is Rotation Over? Strong rebound in Semis and Magnificent 7 stocks led the index gains today, not surprising after last week's sharp losses. MAGS cycles were indicating a bounce. However, 8 out of 11 sectors showed negative breadth; 2nd day in a row while headline indices showed nice gains! Didn't someone mention yesterday that rotation into the broader market might be running out of fuel?
