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US Equity indices have retreated over the last few hours, but market breadth notably has actually improved and we're now seeing more than 3/1 advance/Decline as Energy, Materials, Industrials, are all up more than 1% and even Technology remains positive by +0.71% with the only "down" sectors being REITS -0.20% and Staples -1.05% being dragged down by DG-0.36% , DLTR1.29% , TGT2.46%  despite good strength out of CLX-1.90%  and BF/B. Overall, this pullback is largely Technology retreating, and GOOGL-0.94%  gave back most of its gains as AAPL announced their intention to invest in OpenAI and join the funding round. AAPL also has given back most of its early gains. Overall, i don't feel like this pullback is all that meaningful unless it were to break yesterday's lows near 5561.

Today's best performing sector is Consumer Staples, which is bucking the Underperformance being seen in other Defensive sectors, and Equal-weighted Staples is higher by +0.88% today, bolstered by performance in STZ-17.23%  CLX-1.90%  SYY-1.68%  TSN-2.15%  and KVUE-1.18%  which are all higher by more than +2.50% in Monday's session. See that despite a bounce to multi-day highs in the Equal-weighted Staples ETF (RHS) trends remain quite negative, and it's imperative to use selectivity when trying to own the Consumer Staples sector.