Defensives and banks lead: rotation rewards the laggards as tech pauses
EXECUTIVE VIEW
In the US, defensives and real estate gain ground while technology gives back 2%; in Europe luxury soars above 6% and banks hold firm. A week of broad rotation rather than concentrated leadership.
The week banks and energy took the wheel, on both sides of the Atlantic
EXECUTIVE VIEW
A week of clear rotation: US technology pulls back while financials, energy and healthcare step forward. In Europe banks and autos lead, but real estate slips on both shores. Rising volatility and gold under pressure complete the picture.
Two engines, two speeds: tech pulls Wall Street while banks ignite Europe
EXECUTIVE VIEW
A two-speed week: in the US leadership stays concentrated on technology, while in Europe the push is broad and led by banks, with tech and industrials close behind. Materials and communications remain the laggards.