Sectors & Industry Analysis
Money rotates between sectors with the cycle. Reading where it is flowing.
Lessons
- Why Sectors Move TogetherStocks in the same business breathe as one. Why "which sector" often beats "which stock".
- Cyclical vs Defensive SectorsWhich sectors boom in good times and which hold up in bad — and how to use the difference.
- Sector RotationHow leadership passes from one sector to the next across the cycle — the rotation map.
- How to Analyse a SectorDemand drivers, regulation, competition and margins — a checklist for sizing up any industry.
- Reading Relative StrengthComparing a sector to the index to see what is genuinely leading versus just rising with the tide.