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The US equity market session on May 4, 2026, showcased a severely fractured tape characterized by a flight to hard assets and a rejection of cyclical growth. Capital actively fled traditional economic bellwethers, punishing manufacturing and raw materials, while simultaneously funneling into the Energy …

The US equity market session on May 4, 2026, revealed a stark bifurcation in relative momentum structures. While absolute price action across the broader market was heavily negative, the Relative Rotation Graph (RRG) highlights a massive structural rotation beneath the surface. Capital is definitively …