Sector galaxies based on risk aversion and business cycle sensitivity

This is an interesting way to use cluster analysis in two dimensions. These 2x2 matrices look at the sensitivity of different sectors to risk aversion and the economic cycle. All sectors are not the same. Some are very pro-cyclical. Some are less sensitive to risk. These galaxies allow for thinking about sector rotation. Of course, you must make a judgement on the direction of the business cycle and risk aversion.