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Market Impact: 0.35

The End Of Overbought?

Market Technicals & FlowsInvestor Sentiment & PositioningTechnology & Innovation

Equities are turning lower into the week’s close, with the S&P 500 on pace to snap a nine-week winning streak. The tech sector is leading the pullback and is set to fall about 5% on the session, ending a streak of overbought readings. The move points to a near-term risk-off tone and some cooling in momentum-led positioning.

Analysis

Equities are turning lower into the week’s close, with the S&P 500 on pace to snap a nine-week winning streak. The tech sector is leading the pullback and is set to fall about 5% on the session, ending a streak of overbought readings. The move points to a near-term risk-off tone and some cooling in momentum-led positioning.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.25