Current Bull Market Approaching Historic Milestone

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as current bull market approaching historic milestone. Stocks in heat map are based on the top 10 holdings of each sector ETF. Click on each picture to zoom in. Below is a summary of today’s action on Wall Street provided by CNBC:

US futures climb as investor focus turns to China-US trade talks

Drew Angerer | Getty Images News | Getty Images Many markets in Europe and Asia posted solid gains, helping support U.S. futures, following positive trade developments between the U.S. and China. A strong session from Wall Street on Friday also gave market sentiment a boost.

The S&P 500 (SPY) advanced +0.24% today. Sector advancers led decliners 9 to 3 as shown below in the sector graph. Communication services (XLC), consumer discretionary (XLY), energy (XLE), financials (XLF), healthcare (XLV), industrials (XLI), materials (XLB) and real estate (XLRE) each had minor gains of less than 1%. Consumer staples (XLP), technology (XLK) and utilities (XLU) each had small losses of less than 1%.

The Dow Jones index added +89 points (+0.35%) to close at 25,758. The Nasdaq was in the green by only +4 points (+0.06%) to settle at 7,821.

Current Bull Market Approaching Historic Milestone

Stocks rose on Monday as the S&P 500 approached its record high it set in January. The current bull market, which began March 9th 2009 is set to become the longest rally this Wednesday. During that time the S&P 500 has gained over 300%. When reading the above CNBC article I found the following quote regarding market sentiment about the trade war, “Perhaps it’s time to stop using the adjective ‘escalating’ to describe the trade war,” said Ed Yardeni, president and chief investment strategist at Yardeni Research. “What if this all leads to less protectionism once the fog of war clears? This possibility sure helps explain why the US stock market has performed so well so far this year.”

Key Takeaways…

I took the following CNBC screenshots this morning regarding rotation story: still alive, retail new highs and market internals:

Current Bull Market Approaching Historic Milestone

Current Bull Market Approaching Historic Milestone

Current Bull Market Approaching Historic Milestone

Notable S&P 500 Movers…

Below I’ve highlighted some notable S&P movers (both winners & losers).

Credit: Sector Graph provided by Sector SPDR app. Sector breakdown provided by Charles Schwab. Sector heat map provided by finviz. Information Credit: News Headlines and quotes were taken from CNBC in the writing of this post.

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8/20/18

S&P 500 Sector Graph

Current Bull Market Approaching Historic Milestone

S&P 500 (SPY)

Current Bull Market Approaching Historic Milestone

Communication Services (XLC)

Current Bull Market Approaching Historic Milestone

Consumer Discretionary (XLY)

Current Bull Market Approaching Historic Milestone

Consumer Staples (XLP)

Current Bull Market Approaching Historic Milestone

Energy (XLE)

Current Bull Market Approaching Historic Milestone

Financials (XLF)

Current Bull Market Approaching Historic Milestone

Real Estate (XLRE)

Current Bull Market Approaching Historic Milestone

Healthcare (XLV)

Current Bull Market Approaching Historic Milestone

Industrials (XLI)

Current Bull Market Approaching Historic Milestone

Materials (XLB)

Current Bull Market Approaching Historic Milestone

Technology (XLK)

Current Bull Market Approaching Historic Milestone

Utilities (XLU)

Current Bull Market Approaching Historic Milestone

S&P 500 Sector Heat Map

Current Bull Market Approaching Historic Milestone

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