[PLUS] Weekly Market Notes & Breadth Trends

JC Parets
December 13, 2021

From the desk of Willie Delwiche.

Key Takeaway: A surge to new highs can leave stocks out of breath. S&P 500 at an all-time high while more NYSE stocks make new lows than new highs. FOMC meeting likely to feature Fed grappling with surging inflation.

  • The Technology sector remains at the top of our relative strength rankings. While mega-cap leadership is helpful, sector strength goes beyond that. It is the top-ranked sector from an equal-weight perspective as well as among small-cap sectors. This is also reflected in our industry group heat map, which shows strength out of the Hardware and Semiconductor groups across market cap levels.
  • Consumer Staples saw a big jump in the rankings this week, and there is plenty of improvement within the Food & Staples Retailing and Household & Personal Products groups within the sector.

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