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Broadening rally favors cyclicals over tech

The speaker argued that the equity rally is broadening out, with cyclical sectors like industrials outperforming legacy tech, driven by expectations of economic reacceleration.

Chris Husseyon Goldman Sachs Exchanges: The Markets

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The story so far

CONTESTED · 82 MENTIONS · 71 EPISODES · 23 SHOWS

24 JUL 2025 — 13 AUG 2026 · 5D AGO

24 SUPPORT · 9 CHALLENGE · 2 REPEAT · 47 MENTIONED

24 JUL 2025 · FIRST HEARD
THE ACQUIRERS PODCAST
- Small & mid caps lag large cap earnings gains
19 EPISODES BETWEEN · 21 MENTIONS · 11 NOT KEPT
1. 11 EPISODES NOT SHOWN
2. 26 DEC 2025
  THE MEB FABER SHOW · 2 MENTIONS
  - Catch-up trade for small caps and foreign equities
  - 2026 market broadening into small caps and value
3. 26 DEC 2025
  BARRON'S STREETWISE
  - Value tilt as a hedge against growth wobble
4. 31 DEC 2025
  FORWARD GUIDANCE
  - Rotation into metals, away from tech
5. 9 JAN 2026
  FORWARD GUIDANCE
  - Short Mag Seven, long government-pumped sectors
6. 15 JAN 2026 · CHALLENGES
  MACROVOICES
  - Mega-cap tech selling pressure vs. financials disappointment
7. 16 JAN 2026
  FORWARD GUIDANCE
  - Rotation from mega-cap tech into cyclicals
8. 22 JAN 2026
  MACROVOICES
  - Sector rotation supports market, Mag 7 a drag
9. 23 JAN 2026
  FORWARD GUIDANCE
  - Rotation from tech to small caps and cyclicals
10. 27 JAN 2026
  AFFORD ANYTHING
  - Small caps' long-term edge questioned by AI
11. 29 JAN 2026
  THE DERIVATIVE
  - Dow Theory transports breakout as bullish confirmation
12. 30 JAN 2026 · CHALLENGES
  FORWARD GUIDANCE
  - Market breadth shows nothing is cheap
13. 30 JAN 2026
  BARRON'S STREETWISE
  - Rebalance from US to diversify valuations
14. 2 FEB 2026
  ANIMAL SPIRITS
  - Market broadening away from AI hype
15. 4 FEB 2026
  ANIMAL SPIRITS
  - Microsoft underperforms since ChatGPT launch
16. 5 FEB 2026
  THE JULIA LA ROCHE SHOW
  - Rotate from market-cap to equal-weight S&P
17. 6 FEB 2026
  THE COMPOUND AND FRIENDS
  - Current market akin to 2000 Nasdaq crash
18. 6 FEB 2026
  THE BUSINESS BREW
  - Commodity vs tech rotation reflects new regime
19. 6 FEB 2026
  FORWARD GUIDANCE · 2 MENTIONS
  - Value factor rips as growth unwinds
  - Fed rate cuts may not aid Mag 7 · CHALLENGES
20. 9 FEB 2026
  ANIMAL SPIRITS
  - Market broadening is healthy for concentration unwind
10 FEB 2026
GOLDMAN SACHS EXCHANGES: THE MARKETS
- Broadening rally favors cyclicals over tech · THIS IDEA
33 EPISODES BETWEEN · 38 MENTIONS
1. 10 FEB 2026
  THE COMPOUND AND FRIENDS
  - Market breadth argues against a peak
2. 11 FEB 2026
  ANIMAL SPIRITS · 2 MENTIONS
  - Market rotation out of tech into value
  - Market broadening as money rotates from tech
3. 12 FEB 2026
  MACROVOICES
  - Market divergence: semis strong, software weak
4. 17 FEB 2026
  GOLDMAN SACHS EXCHANGES
  - Market broadening into cyclicals on macro strength
5. 18 FEB 2026
  ANIMAL SPIRITS
  - Market volatility at highs signals internal rotation
6. 25 FEB 2026
  ANIMAL SPIRITS
  - Momentum shift into staples, out of discretionary
7. 26 FEB 2026
  MACROVOICES
  - Market torn: semis up, software & financials down
8. 27 FEB 2026
  THE COMPOUND AND FRIENDS · 2 MENTIONS
  - Market breadth improves as Mag 7 weakens
  - Broad market breadth versus narrow tech leadership
9. 4 MAR 2026 · CHALLENGES
  THE COMPOUND AND FRIENDS
  - Rotation out of momentum into beaten-down sectors
10. 4 MAR 2026
  ANIMAL SPIRITS
  - Market concentration isn't permanent
11. 6 MAR 2026
  THE COMPOUND AND FRIENDS
  - Market rotation out of AI mega-caps into cyclicals
12. 9 MAR 2026
  ANIMAL SPIRITS
  - Broadening market beyond the Mag 7
13. 9 MAR 2026
  MONETARY MATTERS WITH JACK FARLEY
  - Rotate out of tech and financials, into defensives
14. 20 MAR 2026
  THE COMPOUND AND FRIENDS
  - Market correction is healthy, not a bear market
15. 25 MAR 2026
  THE MEB FABER SHOW
  - Rolling recovery favors small caps and cyclicals
16. 25 MAR 2026
  MONETARY MATTERS WITH JACK FARLEY
  - Plenty of fish in the sea beyond mega-cap tech
17. 28 MAR 2026
  THE POMP PODCAST · 2 MENTIONS
  - S&P 500 unlikely to see new highs in 2024 · CHALLENGES
  - Bull market in hardware and commodities
18. 31 MAR 2026
  THE JULIA LA ROCHE SHOW
  - Rotation out of crowded Mag 7 trades
19. 31 MAR 2026
  THE COMPOUND AND FRIENDS · 2 MENTIONS
  - Multiple compression with high earnings as bullish setup
  - Cap-weight dominance over equal-weight
20. 3 APR 2026
  EXCESS RETURNS
  - Value cycle favors rotation out of tech
21. 7 APR 2026
  THE COMPOUND AND FRIENDS
  - Market rotation from asset-light growth to asset-heavy value
22. 8 APR 2026
  ANIMAL SPIRITS
  - Mega-cap tech decline offset by value and energy
23. 10 APR 2026
  THE COMPOUND AND FRIENDS
  - Beaten-down stocks poised for bigger rallies
24. 14 APR 2026
  THE COMPOUND AND FRIENDS
  - Market dispersion signals a washout
25. 27 JUL 2026 · 3W AGO
  THE DIVIDEND CAFE
  - Market rotation favors value sectors over semiconductors
26. 28 JUL 2026 · 3W AGO
  THE DIVIDEND CAFE
  - Market rotation into traditional value names
27. 30 JUL 2026 · 3W AGO
  THE DIVIDEND CAFE
  - Rotation out of semis into value sectors
28. 2 AUG 2026 · 2W AGO
  MONETARY MATTERS WITH JACK FARLEY · 2 MENTIONS
  - Broad equity market risk-on, broadening breadth
  - Rotation into value laggards: energy & financials
29. 3 AUG 2026 · 2W AGO
  THE DIVIDEND CAFE
  - Market breadth improved despite July headwinds
30. 4 AUG 2026 · 2W AGO
  BLOOMBERG SURVEILLANCE
  - Market resilience from rotational strength
31. 4 AUG 2026 · 2W AGO
  THE COMPOUND AND FRIENDS
  - Current market is the opposite of dot-com bubble
32. 5 AUG 2026 · 2W AGO
  ANIMAL SPIRITS
  - Bull market resilience despite sector rotations
33. 6 AUG 2026 · 2W AGO
  THE OPTIONS INSIDER RADIO NETWORK
  - Market rally driven by rotation into traditional names
7 AUG 2026 · 2W AGO
THE COMPOUND AND FRIENDS
- Market broadening from tech concentration
7 AUG 2026 · 2W AGO
CNBC FAST MONEY · 2 MENTIONS
- Rotation into cyclicals and materials
- Small cap rally signals broadening
8 AUG 2026 · 1W AGO
THOUGHTFUL MONEY
- Market consolidation washed out excesses
9 AUG 2026 · 1W AGO
THOUGHTFUL MONEY · 3 MENTIONS
10 AUG 2026 · 1W AGO
BLOOMBERG SURVEILLANCE
- Rotation from growth to value underway
13 AUG 2026 · 5D AGO
BLOOMBERG SURVEILLANCE
- Market broadening beyond Magnificent Seven

HOW THE SHOWS HAVE DISCUSSED THIS THESIS OVER TIME · NOT A PERFORMANCE RECORD