Sector Rotation is a high-risk/high-volatility strategy. While its peaks and valleys have been more extreme than SMI's other strategies, it has generated especially impressive long-term returns, as discussed in Sector Rotation is Risky, But Highly Rewarding.
There is no change being made to the official SR recommendation for July. However, for those in SR's unofficial "alternate" fund, there may be a change. Here are the details.