Sector rotation Thursday 8/13 — software and comm services leading, biotech getting hit
🟢 $IGV (software) +3.1%
🟢 $XLC (comm services) +2.1%
🟢 $XLRE (real estate) +1.4%
🔴 $XLV (healthcare) -0.1%
🔴 $XLB (materials) -0.6%
🔴 $XBI (biotech) -1.6%
$SPY +0.7% · equal-weight breadth also +0.7%
ETF flows: $SPY -$4.3B out · $QQQ +$4.5B in · $IWM -$0.3B
Money rotating into tech/growth again. Software ripping while biotech bleeds. Real estate catching a bid. Breadth holding up even as large-cap flows split between $SPY outflows and $QQQ inflows — classic risk-on tilt toward Nasdaq.
If $QQQ keeps pulling flows and software stays hot, this setup favors momentum names over defensive plays. Watch if healthcare weakness spreads or if it's just profit-taking.
🟢 $IGV (software) +3.1%
🟢 $XLC (comm services) +2.1%
🟢 $XLRE (real estate) +1.4%
🔴 $XLV (healthcare) -0.1%
🔴 $XLB (materials) -0.6%
🔴 $XBI (biotech) -1.6%
$SPY +0.7% · equal-weight breadth also +0.7%
ETF flows: $SPY -$4.3B out · $QQQ +$4.5B in · $IWM -$0.3B
Money rotating into tech/growth again. Software ripping while biotech bleeds. Real estate catching a bid. Breadth holding up even as large-cap flows split between $SPY outflows and $QQQ inflows — classic risk-on tilt toward Nasdaq.
If $QQQ keeps pulling flows and software stays hot, this setup favors momentum names over defensive plays. Watch if healthcare weakness spreads or if it's just profit-taking.