Quiet on the surface. Busier a level down.
About 40.8% of the 2,659 banded names are in the top two bands right now, right in its recent range. Of those, 61% are still widening. Most of it sits in a handful of sectors: Technology at 78%, Industrials at 69%, Materials at 67%.
A wider band means a wider range. Not a drop. Just where the unsettled names are sitting today.
Zooming out, inflation is still sticky (CPI 3.2%, core PCE 3%), the yield curve is positive, credit spreads stay tight, unemployment holds near 4.2%, jobless claims have eased, and oil has moved lower.
| sector | names in the top two bands | share still widening |
|---|---|---|
| Health Care | 361 | 45% |
| Information Technology | 239 | 78% |
| Industrials | 154 | 69% |
| Consumer Discretionary | 113 | 63% |
| Materials | 63 | 67% |
| Financials | 46 | 59% |
Descriptive, not advice. This is the public read. The full edition, with what changed since yesterday, the named company highlights, and the searchable archive, is in the app.