Still catching up......
The market experienced strong gains in Friday's trading with defensive sectors (sans staples) falling behind. The return on Friday was apparently a reflation trade with industrials, discretionary, and financials leading the charge. Strangely enough, materials did not participate.
Looking at the heat map, there was a lot of blue in the discretionary and staples sectors. Ditto for energy and financials. Although utilities pulled a 60 basis points increase in value, there is an awful lot of pinks and flat price/volume indications coming out of the sector.
The market experienced strong gains in Friday's trading with defensive sectors (sans staples) falling behind. The return on Friday was apparently a reflation trade with industrials, discretionary, and financials leading the charge. Strangely enough, materials did not participate.
Looking at the heat map, there was a lot of blue in the discretionary and staples sectors. Ditto for energy and financials. Although utilities pulled a 60 basis points increase in value, there is an awful lot of pinks and flat price/volume indications coming out of the sector.
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