Across every economic cycle, leadership rotates in a recognisable order: early-cycle rallies favour financials and consumer discretionary, mid-cycle rewards technology and industrials, late-cycle shifts to energy and materials, and downturns send money into utilities, staples and healthcare.

The Cycle Clock reads the macro data — rates, inflation, growth, credit — to place the market on that clock, then shows which sectors historically outperform from this position and whether current sector performance agrees. When the clock and the tape disagree, that tension itself is information.