Rotation Broadens

30%its chance, of the story’s futures

−0.3%on the S&P 500, if it happens

The AI unwind becomes a classic rotation rather than a full risk-off event. Investors move from expensive megacap technology into financials, industrials, energy and selected consumer cyclicals with lower valuations and more direct rate sensitivity.

What it moves

Finance+1.8%
Industrials+1.6%
10-year Treasury yield▲ up
Market volatility▼ down

Sectors in percent; other series by direction only.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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