Top 10 Contributors
S&P 500: 7663.43 | 📉 Down (-1.32%)
Market Structure Score
65/100
Neutral Structure
🔁 Regime shift: Neutral → Broad Bull
Institutional positioning became increasingly defensive as participation weakened and investors favored more resilient areas of the market. Most internal measures were broadly consistent with this assessment, although some divergence remains beneath the surface.
The internal backdrop remains balanced, with improving conditions offset by pockets of continued weakness. The Market Structure Score of 65/100 reflects moderate confidence in this assessment.
⬥ 341 of 502 stocks advanced (▲67.9%)
⬥ 155 stocks declined (▼30.9%)
⬥ 6 stocks unchanged
⬥ Leadership continued to rotate.
⬥ Participation quality weakened.
Leadership continued to rotate across sectors, indicating investors were reallocating capital while maintaining overall risk exposure. The rotation remains constructive, although less robust participation warrants some caution.
Rapid leadership rotation suggests institutional conviction remains fluid. Breadth continues to lag headline index performance. Participation has weakened across the broader market. Decliners continue to outnumber advancers. Should these conditions deteriorate further, confidence in the current market assessment would likely weaken.
The market is approaching an important inflection point. Broader participation and firmer leadership would shift the balance toward a more constructive outlook, whereas weaker breadth would increase the probability of renewed internal deterioration.
The weight of the internal evidence continues to support a defensive rotation market environment with moderate confidence. While short-term price fluctuations are inevitable, sustained improvement in participation and leadership would reinforce the current assessment, whereas renewed deterioration in market internals would warrant a more defensive interpretation.
Market Signals
▶ ✅ Strong participation across index constituents.
▶ 📉 Cap-weighted participation remained weak.
▶ ✅ Leadership was broadly distributed across the market.
▶ 🔄 Leadership rotation accelerated.
▶ 🔄 Elevated dispersion suggests healthy sector rotation.
▶ 💪 Individual stock moves carried above-average conviction.
▶ 🚀 Participation expanded sharply from the previous session.
▶ ✅ Participation exceeded capitalization leadership.
▶ ⚠️ A small group of larger losers weighed disproportionately on returns.
Top Contributors (>0.01%)
| Ticker | Return | Contribution | Share | Impact_Efficiency | Rank |
|---|---|---|---|---|---|
| AAPL | 1.23% | 0.09% | 2.58% | 0.070144 | 1 |
| LLY | 2.83% | 0.04% | 1.16% | 0.013687 | 2 |
| JNJ | 3.81% | 0.03% | 0.96% | 0.008443 | 3 |
| PG | 5.58% | 0.03% | 0.84% | 0.005025 | 4 |
| WMT | 2.82% | 0.02% | 0.67% | 0.007925 | 5 |
| HD | 4.33% | 0.02% | 0.61% | 0.004739 | 6 |
| BRK-B | 1.48% | 0.02% | 0.60% | 0.013472 | 7 |
| NFLX | 3.09% | 0.02% | 0.49% | 0.005287 | 8 |
| COST | 1.99% | 0.01% | 0.39% | 0.006624 | 9 |
| V | 1.59% | 0.01% | 0.39% | 0.008265 | 10 |
| KO | 2.87% | 0.01% | 0.39% | 0.004568 | 11 |
| ACN | 7.69% | 0.01% | 0.39% | 0.001690 | 12 |
| NEE | 4.62% | 0.01% | 0.38% | 0.002720 | 13 |
| BX | 8.38% | 0.01% | 0.34% | 0.001364 | 14 |
| LMT | 6.96% | 0.01% | 0.34% | 0.001614 | 15 |
| VZ | 3.76% | 0.01% | 0.33% | 0.002906 | 16 |
| UNH | 1.91% | 0.01% | 0.32% | 0.005516 | 17 |
| MA | 1.70% | 0.01% | 0.31% | 0.006024 | 18 |
Definitions:
Contribution – The weighted impact of a stock’s return on the overall index move
(weight × return). This reflects how much each stock actually moved the index.
Share – The proportion of total index movement attributable to a given stock.
Higher values indicate outsized influence relative to peers.
Impact Efficiency – The ratio of contribution to return, highlighting how effectively
a stock’s price move translates into index impact (primarily driven by index weight).
