Recent market data reveals a notable divergence in stock movements within the S&P 500. As of last Friday, only 50% or fewer stocks in the consumer discretionary, financials, industrials, and technology sectors closed above their 50-day averages, despite the index being just two days away from an all-time high. Additionally, the CBOE's 3-month implied correlation index, which measures how stocks move together, is hovering near record lows. This indicates a stock picker's market, with stocks increasingly moving in different directions. A separate gauge of realized correlation for the 50 largest S&P 500 members is also near 0, just shy of its lowest level ever, suggesting that stocks are not moving in sync, which can provide trading opportunities for stock pickers.