As you can see from a comparison of the following two percentage gained/lost graphs of the 9 Major Sectors (plus the SPX), (the timeframe on the first graph is year-to-date, and on the second is this past week), market participants ventured into the “riskier” sectors to add more risk this week.
The second graph shows that Energy and Materials contributed substantially to the lift in equities this week…look for that trend to either continue, or reverse, if commodity prices begin to plunge again. (more…)