Sector and Index Sentiment Update 4/14/25

Sentiment Strengthens In Defensive Sectors and Sets up for Bitcoin

Summary

Sentiment bounced along with prices for most sectors and industries. There was more strength in the defensive sector breadth, with Consumer Staples holding the highest score by the end of the week. On the DSI side of sentiment, There’s a bullish divergence in % Bullish for Bitcoin and a bearish divergence for the VIX. This lines up with what I wrote in Sunday’s Model Note - with the bullish setup in BTC and the stretched conditions in the VIX.

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Sector Sentiment Spread

The Spread remains negative despite the rise in the S&P 500 as we saw a larger uptick in Defensive sentiment during the bounce period.

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