Data visualizations

Industry rotation bars and arcs

U.S. stock industries / 1990–2026

Twelve U.S. stock industries, each drawn as a bar of particles showing how far its return ran ahead of or behind the 12-industry average. A tick marks where it stood one period earlier. Arcs link industries whose returns usually move together, and particles travel toward whichever one gained ground since then. Play the replay to watch strength rotate through crashes, recoveries and booms.

Aug 2026

12 months return vs average, in points

Ahead of averageBehind averagePrevious periodArc points to the industry that gained ground

Arcs compare how related industries' standing changed. They do not show money moving from one industry to another. Bars beyond the scale end in a chevron.

Industries

Linked flows

The 8 biggest shifts between linked industries since the previous 12 months, weighted by how closely each pair moves together. No industry anchors more than 3.

  1. Energy gained on Chemicals58.2 pts / r 0.55
  2. Healthcare gained on Business equipment43.4 pts / r 0.68
  3. Healthcare gained on Chemicals38.6 pts / r 0.69
  4. Healthcare gained on Other32.6 pts / r 0.74
  5. Consumer durables gained on Retail and wholesale25.3 pts / r 0.91
  6. Consumer durables gained on Chemicals28.5 pts / r 0.77
  7. Energy gained on Other52.3 pts / r 0.37
  8. Consumer durables gained on Other22.5 pts / r 0.82