"This is unique... movement from the growth sector dominating the market... into cyclicals." Even on days when the S&P is weak, "Materials and Industrials were up." Technical analysis shows no "distribution pattern" (selling pressure) in cyclical sectors. The rotation is pro-cyclical, suggesting the broader economy is strengthening even if the S&P 500 (weighted by tech) stalls. LONG Cyclicals (Materials, Industrials, Energy). A breakdown in the S&P 500 below range support could drag down high-beta cyclical sectors.