Equities Update — A defensive rotation away from growth and healthcare into energy, driven by geopolitical risk and a steepening yield curve.

Oct 15, 2026 15:19

Audio file

The S and P five hundred is sitting at seven hundred seventy-eight dollars and one cent, effectively flat today, but that mask is cracking.

Theme: A defensive rotation away from growth and healthcare into energy, driven by geopolitical risk and a steepening yield curve.

Focus: XLE (sector rotation), XLV (sector divergence), BAC (news-driven), SPY (technical resistance), TSLA (flow…