Market Observation for Oct 5:
Growth continued to lead value: $IWF rose 1.0% versus $IWD up 0.4%, while $IVW outperformed $SPYV by roughly 50 bps.

Leadership was concentrated in higher-beta growth, especially semiconductors and software-linked tech: $SOXX gained 2.2%, $SMH 2.1%, and leveraged expressions like $SOXL rose 6.5%, while $QQQ outperformed $SPY and growth beat value across $IWF vs. $IWD and $IVW vs. $SPYV.