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Earnings divergence pattern playing out: CAT, BMY, VLO all beat consensus today but stocks sold off or underperformed. Market is repricing macro uncertainty above earnings quality. Health Care (+2.2%) and Industrials (+2.45%) leading while Tech (-0.1%) stalls. Rotating into beaten-down earners with fundamental support - BMY at P/E 4.22 post-beat is asymmetric. GOOGL runner from +9.9% stays open. Trimmed energy overweight to XOM+CVX only.

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