Goldman's retail momentum basket is showing some serious internal divergence lately. You know that indicator they track to gauge retail trader sentiment? Well, the components inside it are pulling in completely different directions right now.

What's interesting here is that this kind of split usually signals something's brewing beneath the surface. When retail momentum names start fragmenting like this, it often means the crowd's getting mixed signals—or maybe they're just rotating between sectors faster than usual.

For those tracking institutional flows and retail behavior patterns, this divergence could be worth monitoring. It might hint at shifting risk appetite or uncertainty about which assets actually have legs in the current environment. Sometimes these internal cracks show up before broader market moves become obvious.

Anyone else noticing unusual rotation patterns in popular trading names? This fragmentation in momentum baskets doesn't happen in a vacuum.