This Rally Has a Big Problem — And It’s Getting Worse

Julius de Kempenaer
by Julius de Kempenaer,
Senior Technical Analyst, StockCharts.com

Julius analyzes the latest Relative Rotation Graphs to assess the strength behind the current market rally. While the S&P 500 continues to recover, leadership has narrowed sharply, with technology doing most of the work while sectors like financials, healthcare, communication services, and consumer discretionary remain weak. Julius also reviews the ongoing strength in energy commodities, weakness in longer-duration bonds, and the continued preference for the short end of the yield curve.

The video was originally published on May 8, 2026. Watch it on our dedicated page for Julius.

Past videos from Julius can be found here.

Sectors Market Analysis ETFs
Julius de Kempenaer
About The Author:

Julius is a CMT and the creator of Relative Rotation Graphs™. This unique method to visualize relative strength within a universe of securities first launched on Bloomberg professional services terminals in 2011 and later on StockCharts in 2014. Learn More 

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