Another Record Week
Week Ending 07/06/2025
S&P 500 Overview
Even with a shortened week for the 4th of July holiday, the S&P 500 (SPY) managed to set a new record high.
The equal-weighted S&P 500 (RSP) also managed to close above its October 2024 highs, an area that has been serving as a resistance level.
The following factors continue to show positive performance.
Sector Overview
For the most part, breadth is showing strength across the market. There are spots of weakness in sectors such as Utilities (XLU) and Real Estate (XLRE). Small and mid-caps are also showing strength.
Materials (XLB) led this week, with XLU being the laggard. Industrials (XLI) continues to hold its lead for year-to-date returns.
Thoughts and Comments
RSP has finally cleared the October 2024 high, which has been serving as resistance. It is now poised to set a new record high. The strong display of breadth across the sectors seems to be supporting this.
Disclaimer: Content is provided for informational purposes only and is not a recommendation to buy or sell any security. Please do your own research before making investment decisions. All information is from personal research unless otherwise noted. Best efforts are made to ensure that all information is accurate, but unintended errors and misprints may occur. I may own positions in the securities discussed.