Would you be surprised to learn that last Friday equities recorded their fourth consecutive week of gains? In spite of the relatively steep retraces and recovery’s — it’s true! Indeed, the S&P 500 (SPY) finished the week higher by another +0.5% after a single job’s day recovery took us back to the top of the recent trend channel.
While markets have been constructive overall in the face of uncertainty, it’s also true that the safety sectors and real estate continue as the summer’s momentum leaders (see the ten-month rank column). Be prepared for next week’s scheduled reports using the links below.