2026-09-03
Decisive rotation: Health Care is +11.3% vs SPY over three months while Semiconductors trails at -14.0%.
68% of S&P names hold their 200-day. Meanwhile, the VIX holds at 14.3, unremarkable.
The S&P 500 finished the session at 7,748. Breadth reads 68% of members above the 200-day average and 52% above the 50-day. SPY itself holds 9.0% above its own 200-day, keeping the long-term trend gate on. New 52-week highs outnumber new lows 16 to 2. The VIX sits at 14.3 — unremarkable.
Sector-wise, the strongest three-month showing against SPY comes from Health Care (XLV) at +11.3%, ahead of Financials at +9.6%. Semiconductors (SMH) brings up the rear at -14.0%; Technology is next-weakest at -6.0%.
This note is auto-generated from Tapelab's nightly market data. It reports what the data said on the date above — research commentary, not investment advice.