Today’s stock market action uncovered some unusual activity. While the broader stock market indexes rose—the S&P 500 hit a record close, and the Dow Jones Industrial Average snapped a three-day losing streak—it was interesting that Communication Services and Technology were the worst-performing S&P 500 sectors. The Sector Summary below shows that all 11 S&P 500 sectors were green at the close on Wednesday. However, Utilities, Real Estate, and Industrials were the top three leading sectors. One day doesn’t make a trend; however, if it continues, it would indicate that investors are getting more comfortable with the overall market and are not afraid to diversify their investments among different asset types. CHART 1. SECTOR SUMMARY FOR WEDNESDAY, MARCH 27. All S&P 500 sectors are positive, but Communications Services and Technology fell to the bottom.Chart source: StockCharts.com. For educational purposes. A Broad Rally If you run the New All-Time Highs scan, one…
