Key Takeaway: Index-level strength lacks support beneath the surface. Economic surprise index dips below zero. The earnings revision trend is higher though the pace of ascent is slowing.
Real Estate moved into the top spot in our rankings. It was one of four large-cap sectors to make new 52-week highs last week (the others were Consumer Discretionary, Health Care & Technology). No small-cap or mid-cap sectors made even 13-week highs.
Financials have been short-term & mid-term laggards, with deteriorating conditions in Banks across market cap levels weighing on the sector.
