Energy Leads as Market Breadth Narrows
SPY, the S&P 500 ETF, slipped 0.30% to $767.05 on Monday while sector rotation accelerated and market breadth deteriorated. Seven of eleven sectors closed lower, led by declines in Communication Services (-1.35%) and Industrials (-1.13%), as investors positioned for inflation data due later this week.
Key Takeaways Energy (XLE) surged 2.04% to $63.96, the strongest sector performer. The VIX rose 3.40% to 14.92, indicating increased near-term uncertainty. Small caps (IWM) underperformed large caps, declining 0.62% versus SPY's 0.30% drop. Technology (XLK) eked out a 0.44% gain to $186.50, providing relative strength that lifted the Nasdaq 100 to a marginal advance. The divergence between tech…
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