Stockcharts
StockCharts.com
Published: March 18, 2026
Video Description
A subtle but important shift is unfolding beneath the surface of the market. Follow along as Julius de Kempenaer breaks down where leadership is quietly emerging and where weakness still hasn’t resolved.
Julius de Kempenaer, creator of Relative Rotation Graphs, updates his RRG portfolio framework and finds that while markets feel volatile, underlying rotations remain relatively stable. Commodities continue to lead, stocks remain under pressure, and bonds and the U.S. dollar are starting to improve. Beneath the surface, sector leadership is shifting, with strength building in defensive areas like utilities and real estate while technology and financials lag.
00:00 - Welcome
00:57 - Review RRG Portfolio Framework
02:24 - RRG: Asset Classes
03:20 - Charts: SPY, GOVT, LQD, HYG, $USD
06:54 - RRG: Bond Maturities
11:36 - RRG: Corporate Bonds
12:36 - RRG: Commodities
13:31 - Charts: Commodities
16:11 - RRG: S&P Sectors
20:08 - Charts: S&P Sectors
28:11 - Updated RRG Portfolio Framework
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