47 members · detractors first · 2Y · residual 6692.6bp exceeds 60bp gate
The XLY fell 36.32% (−67.27 pts) over two years, but 33 of 47 members went the other way. LEN and CMG dragged the tape lower, accounting for 5% of the decline.
TESLA INC and HASBRO INC moved almost identically (+58.41% vs +58.45%), yet TSLA moved the XLY 90.5× as much. In a cap-weighted index, the bigger company's weight turns the same percentage move into far more points.
Attribution map
slicing the −67.27 pt move · cell size = points contributed · color = direction, intensity = return
AMZN+16.7 pts(+45.9%)
TSLA+16.5 pts(+58.4%)
BKNG+3.6 pts(+46.7%)
CVNA+2.6 pts(+145.6%)
DASH+2.5 pts(+83.1%)
GM+2.1 pts(+90.4%)
TJX+1.7 pts(+25.8%)
RCL+1.7 pts(+89.4%)
LEN
MAR+1.3 pts(+62.9%)
ABNB+1.3 pts(+62.3%)
HLT+1.1 pts
EBAY+1.1 pts
EXPE
ROST
TPR+1.0 pts
CMG−1.0 pts
CCL
MCD+1.0 pts
DHI−0.9 pts
DECK−0.9 pts
F
HD−0.7 pts
NKE
ORLY
GRMN
NVR
ULTA
RL
TSCO
DRI
Concentration curve
cumulative share of the −67.27 pt move · sorted by contribution
When they drove it
cumulative points through the period
Breadth
member returns, this period
−100%0%+100%+200%
From −54.59% (LULU) to +234.09% (TPR). Equal-weight, the XLY would be +35.71% vs the actual −36.32%; the gap is what cap weighting did.
By sector
point contribution · sums to −67.27 pts
-47
+53.1
The year, session by session
every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUG
Share this move
pick a view, download it as a 16:9 PNG
Consumer Discretionary · Select Sector
What moved the market
2Y · AUG 25, 2026
−36.32%
−67.3 pts · closed 117.94
33 of 47 rose · 14 fell
AMZN+45.9%
+16.7
TSLA+58.4%
+16.5
BKNG+46.7%
+3.6
CVNA+145.6%
+2.6
DASH+83.1%
+2.5
LULU−54.6%
−0.8
DECK−43.9%
−0.9
DHI−14.3%
−0.9
CMG−27.9%
−1.0
LEN−46.4%
−1.4
LEN sank a split tape · 33 of 47 went the other wayWMTMT.COM
view 1 of 6
Cycle through the views and download any of them as a 16:9 PNG sized for X. Pasting the page link on X unfurls a server-rendered card on its own.
www.wmtmt.com/xly?p=2y
Share on X copies the image to your clipboard and opens the composer; paste to attach it.
What moved the market, in your inbox
The daily note publishes here after every close; the week's story lands in your inbox on Fridays, free. Read the daily notes.
Babylon Burns
WMTMT is built by the founders of Babylon Burns, a letter on markets, macro, and the systems behind them. The numbers live here; the arguments live there. Subscribing below joins the Babylon Burns letter.