Bloomberg Surveillance · Friday, July 17, 2026
According to strategist Bart Ross, the current market movement is a healthy rotation rather than a correction, with the S&P 500 near all-time highs despite a dip in its momentum index. He notes that while some sectors like healthcare and utilities are seeing gains, financials and industrials are also performing well, indicating investors are rotating rather than fleeing the market. Ross believes this is a sign of a consolidating market, not a cause for alarm.
“So the S and P is within a percent of the all time high, and the momentum index is down some twenty five percent. So you've had this big rotation out of the darlings of the first half, and there's a lot there to pick up the slack.”
“You don't see that if it's a, you know, investors fleeing the asset class because they're worried more of a rotation, which you know, I think is healthy, So we'll take it.”
“Rotation, healthy, consolidation, whatever you want to call it, it's it's not a reason to get to get scared of things here.”