Daily Movers: Communication Services XLC Rose 2.9%

Monday fit a communication-led rebound. Communication Services XLC rose 2.86% as the session’s dominant mover, and higher-beta growth participated alongside firmer income-sensitive credit. Energy XLE fell 1.28%, Brazil EWZ lost 0.63%, Managed Futures DBMF slid 0.94%, and Biotech IBB declined 0.27%. Technology IYW rose 2.37%, Preferred Stock PFF gained 0.96%, Emerging Markets Bond EMB added 0.53%, and Gold Miners GDX climbed 2.63%.

Equity: Communication and tech led, Brazil weakness deepened

Movers

Leaders: Communication Services XLC +2.86% (3M: -4.4%), US Technology IYW +2.37% (3M: +10.3%)

Laggards: Energy XLE -1.28% (3M: +0.6%), Brazil EWZ -0.63% (3M: -6.8%)

3M Leaderboard

Strong: Value Factor VLUE +15.0%, Healthcare XLV +12.3%, Financials XLF +10.9%

Weak: Brazil EWZ -6.8%, Communication Services XLC -4.4%, Utilities XLU -4.1%

Fixed Income: Credit-sensitive income led, inflation-linked debt lagged

Movers

Leaders: Preferred Stock PFF +0.96% (3M: -1.2%), EM Sovereign Bonds EMB +0.53% (3M: +0.4%)

Laggards: Short TIPS VTIP -0.06% (3M: -0.2%), TIPS TIP +0.01% (3M: -1.2%)

3M Leaderboard (within FI scale)

Strong: High Yield Bonds JNK +0.7%, High Yield HYG +0.5%, Global Bonds BNDX +0.4%

Weak: Long Treasuries TLT -2.9%, TIPS TIP -1.2%, Preferred Stock PFF -1.2%

Specialty: Counter-trend miners and clean energy rallied

Movers

Leaders: Gold Miners GDX +2.63% (3M: -12.7%), Clean Energy ICLN +2.51% (3M: -13.9%)

Laggards: Managed Futures DBMF -0.94% (3M: +0.8%), Biotechnology IBB -0.27% (3M: +11.2%)

3M Leaderboard

Strong: Biotechnology IBB +11.2%, Semiconductors SMH +7.0%, Momentum Factor MTUM +6.0%

Weak: Ethereum Trust ETHA -19.0%, Bitcoin Trust IBIT -18.7%, Clean Energy ICLN -13.9%

Cross-Asset Read

A communication-led rebound framed the session across equities, credit, and selected specialty beta.
The 3M structure concentrates in VLUE (+15.0%), XLV (+12.3%), and XLF (+10.9%); IYW extended its strong uptrend, EWZ fell with its 3M decline, and GDX and ICLN rose against 3M downtrends, so Monday aligned only partly with the standing leaderboard.
Volatility is wider in DVY, SDY, XLP, and FTLS, while EWG, EWZ, FXI, AGG, EMB, LQD, ETHA, IBIT, and ICLN sit in compression; FXI and IDV are overbought, leaving a selective regime with 4 funds in expansion and 9 in compression.

Romain Gandon
CEO, Quantlake

Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice. Past performance is not indicative of future results.