Despite weakness on Tuesday, the broad stock market indices remain near all-time highs. The Energy (XLE) and Industrials (XLI) sectors are leading the charge over the past 5 trading days. Small cap stocks have been red-hot of late, but reversed lower yesterday – something to watch on a trading basis.
In today’s video, I discuss the price action across asset classes, highlighting trending assets, indices, sectors, and stocks. I take an in-depth look at technical indicators such as market breadth and dive into key investing themes like sector rotation. Here’s a recap:
Will Wednesday’s reversal stick? Tech stocks and small caps saw the most selling. US treasury bonds also saw selling.
The energy sector is out-performing the S&P 500 for the first time in 2 years.
Stock market breadth is very strong… too strong?
Stock Market Today Video – December 10, 2020
Twitter: @DanRusso_CMT
Author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
