The Great Rotation continues with huge amounts of cash pouring into materials, industrials, and financials as tech stocks get hit across the board.

Factory Orders

The story in today’s report is the revision in September to +1.7%, which means the October result was significantly better than what Wall Street was expecting.

Key standouts:

• Petroleum and Coal $46.2 billion, +2.6%
• Textile Mills $2.7 billion, +2.2%
• Light Trucks and Utility Vehicles $16.8 billion, +4.2%
• Farm Machinery $3.1 billion, +9.3%

The news on farm equipment dovetails nicely with my special Farm Investment Report, which everyone should read:

Click here to read the report.