Another day, another increase in equities, as the rubber band continues to get stretched. This is as the volume levels continue dwindle as the S&P 500 marches further North. yesterday's 20 basis point gain was largely on better pricing out of the financial sector. The broader market sector performance was more muted.
The muted performance is reflected in the price/volume heat map. Demand side push was seen in financials and to a lesser extent healthcare, but the remainder of the sectors experienced benign demand characteristics to situations where the supply-side was in control.
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