AI hardware bounces and staples keep sliding as falling yields contradict the room's rate thesis
For holders, the durable signal was the steady weakness in consumer staples; the hardware rally is still mostly a single-day move that has not held for a week.
Technology rose 1.43% and has also risen over five sessions, led by AI hardware. LITE, ARM, ONTO and AMKR bounced, but each is still down over the past week, and seven of 12 sectors finished higher.
Since the last briefing
Yesterday the committee favored quality compounders with confirmed institutional accumulation over the defense rotation, weighted 60/40, while allowing more room for energy names with confirmed five-day trends.
What drove the session and how it transmitted, the exposure table by persistence grade, where the committee disagreed, its verdict and weighting, and the falsifiers that would prove it wrong.