S&P 500 Overview
This week, the S&P 500 (SPY) closed 0.46% lower than last week, at 594.28 vs. 597. This keeps price action between the October 2024 high and the all-time highs set in February 2025.
The equal-weighted S&P 500 likewise had a quiet week.
Momentum’s lead is strengthening as other factors appear to be weakening.
Sector Overview
Energy (XLE) led performance this week, returning over 2%. Healthcare (XLV) was the laggard.
Sectors such as Finance (XLF), Energy (XLE), and Communication Services (XLC) are showing moderate to strong breadth.
Thoughts & Comments
The SPY feels undecided to me. It appears to have lost momentum and will not retest the February 2025 all-time high. I will be interested to see what effects, if any, this weekend's events have.
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