Lots of drama could be in store for the market in these last two weeks of August

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Stock Markets,Investment Strategy,Invesco S&P 500 Eql Wght ETF

Stocks opened Tuesday on the flat side, but there is plenty of action below the surface.

Stocks opened Tuesday on the flat side, but there is plenty of drama below the surface. Considering the last two weeks of August are among the lightest volume days of the year, there is a very high level of interest in the markets. That's because there is a very unusual rally occurring. The S & P 500 is on the cusp of a nine-day win streak. The last nine-day win streak for the S & P 500 was November 2004, 20 years ago. The S & P is now within 1.

7% Health Care up 4.7% Energy up 4.6% Consumer staples up 3.6% Real estate up 3.6% Utilities up 3.4% Materials up 3.4% This is what a broad rally looks like: While technology has been a leader, economically sensitive sectors like financials and industrials are strong, but so are interest rate-sensitive sectors like real estate and utilities. And consumer/defensive groups like consumer staples and health care are also leaders . The factors leading to this broadening are well-known.

 

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