FYI: Heading into the July 4th holiday, US equities were in a bit of a funk with the S&P 500 down nearly 3% from its recent high in June. The July 4th holiday must have been just the rest the bulls needed, though, because since then the S&P 500 has gone on to make a higher high with eight daily gains in the eleven trading days since July 4th. So, which sectors have been behind the market’s recent strength? Leading the way higher has been Technology (what else is new?), which is up over 5%. Behind tech, though, Financials and Industrials have been noticeable outperformers while Consumer Discretionary is just barely outpacing the S&P 500. On the downside, four sectors are actually down during the S&P 500’s recent rally, with Telecom Services acting as the largest drag with a decline of 2.5%.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/market-fireworks-still-blazing/
