The EGTI system remains in confirmed continuation, but market character may be shifting. Broad index acceleration appears to be transitioning into a more selective advance where earnings, sector rotation and stock selection increasingly drive returns. This week’s Super Week catalysts may help determine the next phase of leadership.

This document is written for archival purposes, not for short-term trading. What we are seeing across MSFT, GOOGL, and AAPL is not a transient earnings headline, but the emergence of a new cost regime in the AI era. Once cost regimes shift, equity leadership tends to change for years, not quarters.