Feb. 15 at 1:26 PM
Equities rotated further into dividend and smaller-value leadership as large-cap growth lost traction.
$DVY leads with 13.6% 3-month momentum, with returns coming more from stock-specific lift than broad index co-movement.
$QQQ is negative on 3-month momentum after flipping negative this week, a confirmed deterioration signal for growth leadership.
Breadth stays firm with 14 of 17 ETFs positive, but rotation leans to fatigue with 4 accelerating versus 5 fading.
Trend quality skews more stable-to-trending than noisy, keeping leadership intact but still vulnerable to sharp style handoffs.