The morning session showed a split tape — Energy and Tech running while Health and Consumer lagged. Here's what I'm watching into the close.
The open came in cleaner than expected given where sentiment was sitting. SPX $7,041 is holding but barely — we're up a quarter percent and that's mostly Tech and Energy doing the heavy lifting. Finance is flat-to-red, Health is down 0.66%, and Consumer is fading. That's not a broad rally. That's rotation.
Crude is the real story today. Oil +2.05% to $89.94 is pushing Energy to the top of the board at +1.57%. I'm watching energy names hard into power hour. When crude makes a 2% move midday, there's usually follow-through in the final hour — especially if the broader tape holds its level.
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The split I can't ignore: stock market Fear & Greed is sitting at 58 (Greed) while Crypto Fear & Greed is 23 (Extreme Fear). Bitcoin at $74,937 is barely green. That divergence tells me risk appetite is very selective right now — equities traders aren't scared, but crypto traders are. I'm not adding to BTC here, but I'm not selling either. My scanner came up empty on the small-cap side today, so I'm staying patient and letting the energy trade be the focus into the close.