Argus

โ€ข

Jun 16, 2026

Sector(s)

Industrials, Consumer Cyclical

Summary

When the newsflow is running fast and furious, the relevance for typical metrics of market health can be buried. And that may be in play at the moment, with recent volatility evident in the VIX index, which last week hit a high above 23, quickly dropped down to 19, popped up again to 22, ended the week at 17, and now is at 16. Many headlines drove the action, but it was news that a deal is at hand to reopen the Strait of Hormuz that won the day -- with stocks zooming higher as a result. But before that (and turning back to those buried metrics), the insider-sentiment data from Vickers Stock Research showed that insiders were taking some cover in case it was bad news that won out at a time when stocks were at all-time highs (and thus vulnerable). Most notable was a pop in the NYSE One-Week Sell/Buy Ratio, which spiked to 10.02 on a scale where any reading above 6.00 is bearish. But that was then and this is now, so we'll see how insiders react this week to seemingly positive developments.  Turning to Vickers' sector sentiment data, we note that four sectors sport a bullish one-week ratio (down from five last week), five are neutral, and two are bearish (Communication Services and Information Technology). Of the bearish two, the Information Technology ratio has continued to move deeper into bearish territory, with a one-week reading of 36.9 compared to 30.1 last week. While that remains below the extreme 173.0 that the sector saw in late April, the consistency of bearish

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