Summary
Overall, sentiment across markets and sectors looks healthy. A few sectors have elevated levels or are starting to show signs of bearish divergences but aren’t quite to levels to warrant major concern. The Sentiment Spread remains positive with investors continuing to show preference for Offense vs. Defensive sectors.
Sector Sentiment Spread
Despite the slight move lower in Offense Sector Sentiment, the Sentiment Spread moved up just over 6 points last week with Defensive Sentiment declining even more.
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