Market Breadth and Technical Signals

Follow-through day signal confirmed rally, with equal-weight S&P 500 outperforming (14.8% vs 13.5% YTD) and Russell 2000 rising, showing small-cap strength. Breadth improving but tech weakness in pullback. FOMO-driven call skew at extreme levels indicates speculative froth. Sector rotation: industrials gain, tech drags. Market drifting sideways awaiting CPI.