Sector rotation snapshot halfway through Friday:
$XLE leading at +1.5%, $XOP up 0.9% — energy getting bid while tech bleeds
$XLU holding +0.6%, defensive tone creeping in
Meanwhile:
$XLK -0.6%
$SMH -0.8%
$IGV -1.6%
Software getting smoked while oil runs. Classic risk-off rotation or just a one-day head fake?
$SPY -0.2%, equal-weight flat — breadth isn't collapsing, but leadership is clearly shifting away from mega-cap tech
Watch if this sticks into next week or if it's just Friday noise before another tech rip 👀
$XLE leading at +1.5%, $XOP up 0.9% — energy getting bid while tech bleeds
$XLU holding +0.6%, defensive tone creeping in
Meanwhile:
$XLK -0.6%
$SMH -0.8%
$IGV -1.6%
Software getting smoked while oil runs. Classic risk-off rotation or just a one-day head fake?
$SPY -0.2%, equal-weight flat — breadth isn't collapsing, but leadership is clearly shifting away from mega-cap tech
Watch if this sticks into next week or if it's just Friday noise before another tech rip 👀