# Block 039 — Equities sector rotation framework

**Status:** ○ queued
**Phase:** Phase 1 (Equities)

## Topic scope

Sector rotation through the cycle. Defensive vs cyclical vs growth. Relative performance framework.

## Plan

_(Filled at session close of prior block, per 2026-06-23 convention.)_

## Carry-forward to next block

_(Filled at session close.)_