$ENERGY - Energy sector positioned to benefit from sustained high oil prices due to Iran war and Strait of Hormuz disruption, with earnings estimates being revised upward.
$PROFITABILITY - Companies with stable profitability and positive earnings revisions expected to outperform in current environment of uncertainty.
Bearish:
$UNPROFITABLE - Unprofitable companies underperforming as market shifts focus to quality and profitability, reversing last year's trend.
$SMALLCAPS - Small cap companies under pressure from potential Fed rate hikes and higher borrowing costs, with only 13% of industrials above 50-day moving average.