REITS attractive given relative breakout vs SPX

Key Takeaways

  • Monday’s rally has reached SPX, QQQ targets and right below 200-day moving average
  • Defensive groups like Utilities and REITS fared far better performance wise than Financials or Industrials
  • REITS broke out to multi-week highs Monday, a development which should help relative performance continue to improve  
The US Equity rally continued without any hint of reversals taking place, though SPX is now nearing its key make-or-break levels just under 4600 while QQQ reached it...

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