ECHOROCK RESEARCH · SECTORS & ASSETS

Market leadership by sector

A live view of the 11 major U.S. equity sectors — with Gold and U.S. Treasuries tracked separately for cross-asset context.

LEADERSHIP SNAPSHOT

The market at a glance.

YTD leader — —
YTD laggard — —
Positive YTD — of 11 Breadth loading…
Leadership view Year to date Current market tone loading…
SECTOR LEADERSHIP

Where capital is leading.

Ranked from strongest to weakest for the selected period. Click a sector to open its economic-driver context below.

Loading sector leadership… Reading the live sector feed.
ALL 11 SECTORS

Current sector performance.

Price returns only. Dividends are not included, so these figures are not total returns.

YTD Rank Sector ETF Latest Price Daily MTD YTD
Loading sector data…
ECHOROCK SECTOR ANALYSIS

What market leadership is telling us

Waiting for the current sector snapshot.

Bottom line: loading current sector conditions…
SECTOR CONTEXT

What tends to drive each sector?

Select a sector to see the economic forces that typically matter most.

Typical economic drivers —

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Question to ask

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CROSS-ASSET CONTEXT

Gold and U.S. Treasuries.

These sit outside the 11-sector universe and are tracked separately as broader market context.

GOLD · ETF PROXY Connecting…

Gold

GLD
—
Daily—
MTD—
YTD—

Safe-haven demand, inflation expectations, the U.S. dollar and real interest rates are key drivers.

Latest completed trading session · price return
U.S. TREASURIES · ETF PROXY Connecting…

U.S. Treasuries

GOVT
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Daily—
MTD—
YTD—

Growth expectations, inflation, Federal Reserve policy and term premium shape Treasury performance.

Latest completed trading session · price return
QUICK GUIDEHow to read the sector data Open guide
YTD RankRanks sectors from strongest to weakest year-to-date price return.
DailyPrice change versus the prior trading day’s close.
MTDPrice change since the end of the prior month.
YTDPrice change since the end of the prior calendar year.
BreadthHow many of the 11 sectors are participating positively in the selected period.
LeadershipWhich parts of the market are attracting the strongest relative price performance.
Price returnMeasures ETF price movement only; dividends are not included.
InterpretationSector leadership can reveal risk appetite and market rotation, but it is not an economic forecast by itself.
ECHOROCK MODEL

A fast read on where the economy sits in the cycle.

The model is a six-stage economic-risk framework. It is built to separate normal monthly noise from weakness that is becoming persistent and broad enough to matter.

What it measures

Whether stress is spreading across real activity, labor and financial conditions — and whether those signals are confirming one another. The output runs from Expansion to Contraction; it is not a short-term stock-market signal.

Why these indicators

Each input covers a different part of the cycle: Industrial Production for real activity; unemployment and jobless claims for labor deterioration; the 10Y–3M curve for prior monetary and financing pressure; Baa credit spreads for market confirmation; and the Sahm rule for late labor confirmation.

Why not use everything?

More indicators do not automatically make a better model. The model favors a small set of distinct signals, persistence tests and cross-confirmation so one noisy release cannot move the regime by itself.

View Regime History → Open full Model Guide

Analytical framework only — not a recession declaration, probability forecast or investment recommendation.