Welcome back for another Top Down Trade of the Week.
This is a classic leadership scan.
We start with the best sectors, then drill into the subgroups. We pick one, and then take a look at the top stocks in it.
This week’s standout is Materials, rising 8 spots to claim 3rd place on our leaderboard.
Nobody's talking about Materials right now. Tech is getting all the love, but commodity stocks continue to trend well in the shadows.
The sector is climbing the rankings and market internals are confirming the action. Steel, copper, and rare earths are all moving higher as participation expands.
We think hard assets will continue to catch flows as rotation plays its course and the current rally broadens and matures.
This is our overall industry rankings, showing Metals & Mining making a serious move up 30 spots to land itself in the middle of the pack, just outside the top 10.
Here are the top-performing names in the Metals & Mining industry, ranked by relative strength.
