Market Outlook – 05/16/18 – Brandon Van Zee
Today, the S&P 500® rose by 0.41%. The intermediate posture continues to be strongly bullish. The Russell 2000® hit a new all-time high. The Materials sector lead the S&P 500 followed by the Discretionary sector that saw a number of individual retail stocks surge today. On the down side of the market were the two most interest rate sensitive sectors: Real Estate and Utilities. The 10 year U.S. Treasury yield rose again and closed at 3.09% and is on the cusp of breaking out to new multi-year highs.
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