Well history says yes, as it has happened before

History also says that the times it happened it lasted for 10 to 16 months, and this time it has lasted for 11 months

The key here is that normally, when the XLY/XLP ratio goes up then the SPX goes up too, but this does not mean that the SPX cannot continue its uptrend without the other going up

Sector rotation is the blood of bull market's heart.
rotationSPX (S&P 500 Index)Trend AnalysisXLPXLY
dpuleo19

Disclaimer