Tech leads narrow rally as rates and oil pressure broad market
The S&P 500 eked out a 0.13% monthly gain, but 9 of 11 sectors fell. Technology returned 25.00x the index, while a 9.96 point spread to Industrials reveals extreme dispersion.
Market Regime
Energy leads as S&P 500 dips, rates and oil climb
The S&P 500 slipped 1.75% in August as Energy surged 6.73% and Industrials cratered 7.27%, while the 10-year Treasury yield held near 5% and WTI crude topped $102.
Weekly market regime: Tech leads, utilities lag, and rates stay elevated
Equities rose over the past month, led by technology, while utilities and real estate fell. The VIX sits at 15.19, and the 10-year Treasury yield is 4.72%.