Daily Pre-Market Brief

Neutral-Up — XLF leads the SPDR 11 — SPY trend Normal — 4 big movers

June 23, 2026 · Data through the US close · Auto-generated from quantitative models

Final since . The numbers on this page do not change after that.

Educational commentary, not investment advice. See full disclaimer.

Market Conditions are **Neutral-Up** (score 67.5/100) — main risks: distribution red, trend amber. Underlying SPY trend is Normal with MEI at 65.7/100 (MODERATE GROWTH) and sentiment reading NEUTRAL. Financials (XLF) leads at #1 with a Stable signal and score 73.8, while Energy (XLE) trails at #11. 4 sectors moved 3+ ranks today.

Market Conditions

Neutral-Up67.5/100

Constructive — standard size

Trend

Breadth

Distribution

Volatility

Credit

Internals

Macro Regime

Main risks: Distribution (red) • Trend (amber)

Synthesised from trend, breadth, distribution, volatility, credit, internals, and macro inputs. See the Market Conditions tab for full detail on each light.

US Market Indicators

All indicators are based on US equity markets and economic data.

SPY Sentiment?

NEUTRAL

40.1/100

Macro Economic Indicator?

MODERATE GROWTH

65.7/100

Economic Regime?

Recovery

US Sector Rotation (SPDR 11)

Rank	Δ	Sector	Signal	Quadrant	Score
1	↑2	XLFFinancials	Stable	Leading	74
2	→	XLIIndustrials	Stable	Leading	70
3	↑4	XLREReal Estate	Stable	Leading	67
4	↑1	XLUUtilities	Weak	Leading	66
5	↓1	XLBMaterials	Improving	Leading	66
6	↑3	XLPStaples	Stable	Leading	60
7	↑1	XLVHealthcare	Weak	Leading	59
8	↓7	XLKTechnology	Weak	Weakening	55
9	↓3	XLYDiscretionary	Weak	Improving	51
10	→	XLCCommunications	Weak	Improving	42
11	→	XLEEnergy	Weak	Lagging	31

Notable Changes

⚡XLRE (Real Estate) climbed 4 ranks to #3

⚡XLP (Staples) climbed 3 ranks to #6

⚡XLK (Technology) dropped 7 ranks to #8

⚡XLY (Discretionary) dropped 3 ranks to #9

What to Watch

Sectors near a signal threshold or with elevated seasonal tailwinds.

›XLI (Industrials) — score 70, approaching Strong threshold (70)
›XLRE (Real Estate) — score 67, approaching Strong threshold (70)
›XLB (Materials) — score 66, approaching Strong threshold (70)
›XLV — seasonal score bullish (73/100)

Action Items

Economic Regime Favours

Sectors historically outperforming in this phase of the business cycle.

XLV, XLP, XLU

Caution: Persistent Weakness

Sectors with an Avoid signal or in Weinstein Stage 4 (confirmed downtrend), excluding sectors currently favored by the economic regime.

XLY, XLC, XLE

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