Defensives outperform as Yields, USD push higher ahead of Infrastructure Bill signing

Technical Strategy Video:

Key Takeaways

  • Trends, momentum remain bullish, and despite Monday’s minor dip, additional strength looks likely back to new highs for $SPX, $NDX, $DJIA
  • Treasury yields and US Dollar both strengthened ahead of Infrastructure Bill signing. Gains in both look to continue this week, although should prove short-lived
  • Defensive sectors gain ground with minor breakouts in Staples, Utes, REITS

Minor stalling ...

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