Sector Spotlight: Bonds Drop, Money Leaves Materials Sector

In this edition of StockCharts TV’s Sector Spotlight, to kick off the month of July, I dive into the status of the long-term trends as they are unfolding on the monthly charts. The main message from the asset classes is that the bond market is clear: Corporate- and High-Yield bond issuers need to pay up for investors to be interested in buying their bonds. This is pushing yields up across the board and bond prices down.

The S&P remains in a downtrend on the monthly time frame, and there are only a few sectors left in uptrends. To no one’s surprise, these are the defensives. The most significant move came from the Materials sector, which completed a big top formation and is now rapidly moving lower.

Click here to see the Public Chartlist for Sector Spotlight.

This video was originally broadcast on July 5, 2022. Click anywhere on the Sector Spotlight logo above to view on our dedicated Sector Spotlight page, or click this link to watch on YouTube. You can also check out the video on the StockCharts TV on-demand website StockChartsTV.com, or on the associated app on mobile platforms like iOS and Android, or TV platforms like Roku, Apple TV, Amazon Fire TV and Chromecast.

Sector Spotlight airs weekly on Tuesdays at 10:30-11:00am ET. Past episodes can be found here.

#StaySafe, -Julius