Defensive leadership often signals weakening risk appetite beneath the surface.
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Defensive leadership often signals weakening risk appetite beneath the surface.
Cyclical vs defensive weakened the internal read by 41.3 pts versus the prior window.
Credit confirmation weakened the internal read by 31.5 pts versus the prior window.
Equal-weight breadth improved the internal read by 23.8 pts versus the prior window.
Breadth is broadening beyond mega caps
Improved vs prior periodDefensives are taking the lead
Weakened vs prior periodConfirmation is breaking down
Weakened vs prior periodMeaning: Tracks whether performance is widening beyond the cap-weighted index.
Meaning: Tests whether smaller equities are confirming broader risk appetite.
Meaning: Measures whether cyclical sectors still lead the defensive complex.
Meaning: Checks whether lower-quality credit still backs the move.
Meaning: Tests whether international equities are confirming US leadership.
Source health: Yahoo: 11 ok