Sector and Index Sentiment Update 6/16/25

A Small Divergence Builds in Equity Sentiment

Summary

With the latest new high in the S&P 500, sentiment has begun to diverge lower, not confirming the strength shown recently in stocks. There’s a small bearish divergence in the DSI data for both the Nasdaq 100 and S&P 500. Gold continues to hold up well with sentiment staying in a range between 60 and 80%(ish) bullish. Energy is one sector that has some favorable sentiment characteristics while one former leading sector continues to see a decline in sentiment.

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Sector Sentiment Spread

The Sentiment Spread continued to fall last week, going from 15.2 to 12.7 as Offense sector sentiment moved lower.

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