Stocks wobble today with the notable exception of the Russell 2000 Index, which benefits from the Trump trade.

It’s a busy week filled with potentially huge market-moving events.

Six out of eleven sectors are in the green today, with the clear frontrunner being Energy (XLE) as oil rises on OPEC+ once again deferring their production increases and Iran planning another round of attacks. The biggest laggard today is Utilities (XLU), after a FERC ruling prevented Talon Energy (TLN) and Amazon’s (AMZN) amended agreement to power data centers with nuclear. This news caused a strong sell off in nuclear power and the broader Utilities sector, with Constellation Energy Corporation (CEG) leading the sector lower.

The market has edged into the Fear zone today from the prior close in Neutral territory.

Yields are falling sharply as the Street prepares for a crucial trading week.

September factory orders declined for a second consecutive month in September to -0.5%, but in-line with consensus.

• Durable goods orders: -0.7% vs. preliminary -0.8%
• Durable goods ex. transportation: +0.5% vs. preliminary +0.4%
• Durable goods ex. defense: -1.1% vs. preliminary -1.1%