Energy names are breaking higher on renewed oil momentum, the housing market is losing steam as affordability worsens, and copper prices are signaling renewed industrial demand.

Oil and gas stocks surged today, boosted by Brent crude’s climb past $96 and a pickup in global demand forecasts. U.S. energy giants led the charge, with several names hitting multi-month highs. Investors are viewing the sector as a hedge against inflation’s persistence and a potential beneficiary of geopolitical supply risks.

Fresh data shows existing home sales slipping for a third straight month, with affordability at its lowest in over a decade. Higher mortgage rates and record home prices are pushing buyers to the sidelines. Builders are slowing new project starts, and analysts warn this cooling could weigh on broader economic growth into the fall.

Copper futures gained more than 2% as manufacturing activity in key Asian economies picked up. Traders see this as an early sign of recovery in global industrial output. The metal’s rally is also drawing interest from investors looking for exposure to the clean energy buildout, where copper plays a critical role.

Today’s market moves highlight a clear divergence, energy is gaining momentum, housing is losing it, and industrial metals are showing signs of strength. These shifts could set the tone for sector rotations heading into the final quarter of the year.