S&P 500 Sector Sentiment — 2026-05-06
S&P 500 Sector Sentiment — 2026-05-06
Current tone: neutral
Latest score: 46.1/100
Cross-sector dispersion: 86.6 pts
The current market tone is labeled as neutral, with a score of 46.06, and a relatively low score z of 0.03. The Forward return playbook suggests that the median return over the next month is 0.76, with a hit rate of 59.65. Looking at the Sector map, leaders such as Energy, Consumer Staples, and Real Estate are outperforming, while laggards like Health Care, Utilities, and Consumer Disc. are underperforming. Investors should keep a close eye on these sectors and their respective performances to make informed decisions.
Scan the Forward return playbook for context, then the Sector map for leadership and laggards.
Forward return playbook (SPX)
Historical medians and hit ratios from past dates that looked similar to today (conditional on the sentiment regime + a tight score band).
| Horizon | Median SPX | Hit Ratio | N |
|---|---|---|---|
| 1M | 0.8% | 59.7% | 404 |
| 3M | 1.1% | 59.2% | 404 |
| 6M | 0.9% | 56.2% | 404 |
| 12M | 6.0% | 71.3% | 404 |
Sector map (0=cold, 100=hot)
Leading / Hot
- Energy: 94.3/100
- Consumer Staples: 76.5/100
- Real Estate: 68.0/100
Lagging / Cold
- Health Care: 7.7/100
- Utilities: 17.0/100
- Consumer Disc.: 25.7/100
Neutral
- Comm. Services: 53.6/100
- Financials: 46.8/100
- Materials: 40.7/100
- Industrials: 40.2/100
- Technology: 36.2/100
Read-through
- Higher dispersion usually means stock selection and factor tilts matter more than pure index direction.
- Use the playbook as a bias check, then size risk around the sector map (leaders vs laggards).
