- Higher rates are fueling strength in Energy and Financials – leadership from those sectors can be seen across market cap levels.
- Our industry group heat map shows continued deterioration from large-cap groups and improvement from small-cap groups. Some 8% of large-cap groups made new 13-week highs last week vs 42% that made new 13-week lows. Among small-cap groups, it was 17% at new highs and only 13% at new lows.
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