Defensive leadership often signals weakening risk appetite beneath the surface.
Defensive leadership often signals weakening risk appetite beneath the surface.
Cyclical vs defensive weakened the internal read by 52.8 pts versus the prior window.
Credit confirmation weakened the internal read by 30.2 pts versus the prior window.
Small-cap confirmation improved the internal read by 26.5 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