Equities resumed their steady march higher with the major US indices all in positive territory on the day. The S&P 500 added 0.42% while the Nasdaq was up 0.57% and the Dow gained 0.14% as the laggard on the day. The Russell 2000 advanced 1.32% after lagging the large cap. benchmarks for most of the […]
ETFsector.com Daily Trading Outlook, August 22, 2024 Read More »
XLK outperformance has persisted as inflation was not a negative event in May. We look for the outperformance trend to continue at the sector level given the absence of material headwinds and investor recognition of long-term leadership. Our new Elev8 Sector Model debuts with XLK as an OVERWEIGHT allocation of 2.92% for June
The S&P 500 increased by 0.7% on May 24, 2024, ending a week marked by worries about rising inflation despite positive earnings reports.
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