Time to Panic
![Time to Panic](https://katysong.com/wp-content/uploads/2022/05/download.jpg)
Equity sector relative performance has tended to be differentiated across business cycle phases. Unshaded (white) portions above suggest no clear pattern of over- or underperformance vs. broader market. Double +/– signs indicate that the sector is showing a consistent signal across all three metrics: full-phase average performance, median monthly difference, and cycle hit rate. A […]