The story today
1Comms surges 6.5%. Communications sector led gains as Applied Optoelectronics (+12.8%) and Reddit (+12.6%) posted outsized moves amid broader tech strength.
2Risk signals proliferate. 976 risk signals across 577 companies signal elevated caution, though only 153 of 1,006 stocks down >2.5% suggests breadth remains mixed.
3Defensives lag 2.4%. Defensive sector underperformed as investors rotated into growth; no major earnings guidance expected for two weeks.
