2/2/2026
By Charles Payne, CEO & Principal Analyst

Rotation Within Rotation

The rotation trade, while favoring cyclicals, has taken an intriguing turn. Materials (XLB) and Industrials (XLI) were rocking, and now, they have drifted to the middle of the pack.

For the year, still an intriguing mix near the top of the sector leadership board, hinting at a combination of cyclical and defensive stocks.

Energy Boost

Over the weekend, the Organization of the Petroleum Exporting Countries Plus (OPEC+) decided to keep supply levels unchanged. There was hope that an increase would offset the anxiety of the situation brewing in Iran. West Texas Intermediate (WTI) could surge to $70. It is great news for domestic producers, who are pumping at near-record levels.

To read the full report, contact your account representative or email Info@wstreet.com.

Charles Payne
Wall Street Strategies

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