Where is money rotating?

Money rarely leaves the market all at once. It moves around inside it, and seeing which groups of stocks are gaining ground, and which are losing it, shows where investors are leaning right now.

Updated Oct 6, 2026

pace

Normal rotation

Money is moving into Semis & hardware and Software / cloud, and out of Media & cable and Payments & fintech.

2 of 24 groups beat the S&P this monthFaster than 66% of the last five years

Rotation pace, past year

Over time

Select any group to chart it. Score is its rank among the 24 groups; Value is its strength against the S&P 500.

Semis & hardware

Rank among the 24 groups. 100 is the strongest this month.

All 24 groups

Surging and peaking groups have led over three months; surging and recovering groups led this month. Select a column to sort.

Group	Rank, 1M	Phase	vs S&P, 1M	3M	1Y	Members
Semis & hardware LRCX · AMAT · KLAC	100	Surging	+10.8 pts	+5.0 pts	+66.9 pts	67
Software / cloud HUBS · NOW · DT	96	Surging	+2.4 pts	+21.1 pts	−2.6 pts	58
Thematic ETFs ENPH · XP	91	Fading	−1.3 pts	−2.8 pts	−4.7 pts	14
Electrification FIX · EME · CW	87	Fading	−1.9 pts	−13.3 pts	+7.8 pts	27
Health care TECH · TMO · A	83	Peaking	−3.9 pts	+0.3 pts	+3.0 pts	93
Bonds / fixed income	78	Fading	−4.0 pts	−8.7 pts	−23.6 pts	16
Retail COLM · PVH · M	74	Fading	−4.3 pts	−5.8 pts	−18.9 pts	43
Industrials / SMID TKR · AAON · AGCO	65	Fading	−4.7 pts	−6.6 pts	−3.8 pts	147
Energy OVV · EOG · FANG	70	Peaking	−4.7 pts	+3.3 pts	+22.6 pts	45
Int'l (ex-US) BIDU · JD · LI	61	Fading	−5.0 pts	−5.4 pts	−12.6 pts	36
Utilities LNT · CMS · DTE	57	Fading	−5.3 pts	−14.3 pts	−19.0 pts	39
Spec growth U · XYZ · AFRM	48	Fading	−5.6 pts	−6.1 pts	−34.2 pts	70
Staples / low-vol GIS · CAG · CHD	52	Fading	−5.6 pts	−7.9 pts	−17.7 pts	57
Travel & leisure TNL · HLT · MAR	43	Fading	−5.6 pts	−12.3 pts	−11.8 pts	43
Miners / metals FCX · SCCO · AA	39	Peaking	−7.0 pts	+1.8 pts	+7.6 pts	40
IT services CTSH · ACN · G	35	Peaking	−7.2 pts	+4.2 pts	−25.5 pts	32
Aerospace-defense GD · RSG · NOC	30	Fading	−7.3 pts	−10.1 pts	−18.2 pts	44
Insurance L · HIG · CB	26	Fading	−7.6 pts	−10.9 pts	−23.2 pts	31
REITs / real estate NNN · FRT · O	22	Fading	−9.3 pts	−14.0 pts	−22.8 pts	69
Homebuilders PHM · TOL · FBIN	17	Fading	−9.5 pts	−15.5 pts	−40.5 pts	27
Data & analytics VRSK · SPGI · FDS	13	Fading	−9.7 pts	−4.8 pts	−29.0 pts	26
Banks CFG · RF · HBAN	9	Fading	−9.9 pts	−8.1 pts	−11.0 pts	84
Payments & fintech GPN · CPAY · MA	4	Fading	−10.5 pts	−3.0 pts	−32.2 pts	10
Media & cable CMCSA · LBRDK · CHTR	0	Fading	−10.6 pts	−6.6 pts	−33.0 pts	15

How to read this page

How it’s measured. Groups are built from how stocks actually trade together, not from sector labels. Each group is an equal-weight basket.

Sources. Daily prices from Financial Modeling Prep; co-movement groups from Stox.

The large number on each group is its rank this month among all 24 groups, from 0 to 100. The line beneath it is how far it beat or trailed the S&P 500.

Rotation pace measures how far apart the groups’ one-month returns are, scored against the last five years. It describes how much movement there is, not which way it will go next.

This page is information, not investment advice. About our data and methods ›

The 20 groups on Stox ›Rotation radar ›

More on what’s leading

What moved today, and why?54Normal day›What moved this week?S&P 500 +1.9%›What are this year’s biggest winners and losers?276 of 500 up›How is each sector doing?2 of 11 beat the S&P›Which sectors and countries are leading?22 of 86 beat the S&P›Is the rest of the world beating the US?67US ahead›Which investing styles are working?78Growth leads›How much do the biggest companies dominate?99Very concentrated›Which companies are worth the most?15 trillion-dollar companies›How are the Magnificent Seven doing?81Leading›Is AI spending paying off?82Spending racing ahead of cloud revenue›

See all questions ›