Well, not so fast... As I type, a bit before the close, while the major averages are up impressively, the overall sector breadth says this is anything but an all-in, back-up-the-truck day in the stock market.
I.e., Consumer staples, energy stocks, real estate and materials are all, believe it or not, in the red, while utilities and healthcare are just barely in the green... Essentially, what we're seeing is the most beaten down, surely most-shorted, sectors getting a bit of love... While this year's best/better performers are essentially funding (rotation) the others.
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