To my own detriment, having a short exposure in my portfolios, the S&P 500's value climbed by nearly 80 basis points in yesterday's trading. The gains were largely across the boards, except for telecom, with the financial and energy sectors leading the gains.
Looking at the price/volume heat map, the strength in financials and energy was confirmed by the price/volume movement in yesterday's trading. Healthcare, gaining about 20 basis points, was stronger on price/volume basis than was reflected in just the price move, albeit pulled down by some larger negative changes. Ditto for industrials, as the sector also showed bifurcated changes in the sector components despite the overall price gain.
Looking at the price/volume heat map, the strength in financials and energy was confirmed by the price/volume movement in yesterday's trading. Healthcare, gaining about 20 basis points, was stronger on price/volume basis than was reflected in just the price move, albeit pulled down by some larger negative changes. Ditto for industrials, as the sector also showed bifurcated changes in the sector components despite the overall price gain.
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