Client Portal

Heading into Europe's close, we see a moderate rally in US Equities that has been largely disguised by weakness in AAPL-2.88%  which is falling by the most it has in a month. While Equal-weighted S&P 500 did rise to a record high today early in trading before giving back some of these gains, 10 of 11 sectors are higher today on an Equal-weighted basis, with only Technology being dragged down. This Tech weakness isn't as apparent when eyeing RSPT-1.86%  which is just lower by -0.26% but XLK-2.12%  is down -0.67% as AAPL along with SKYW-0.44% , QRVO-1.15%  MU-0.42% , TER-2.36% , and AVGO-2.60%  are all down more than 3%. Thus, Semiconductors are down, but the broader market is acting fine, with Financials, Energy, REITS and Utilities all higher by more than +0.50% and even Healthcare is up by +0.47%. Overall, it's important to recognize that the US stock market is made up by more than just AAPL-2.88% , but Technology's negative performance today is dragging down the major US Benchmark indices like SPX and NASDAQ, while DJIA is positive, DJ Transportation Avg is positive and RSP-1.38%  is higher by over +0.30%.