Market Marked By Indices Holding Up, Bloodbath at Sector Level

Summary

- S&P 500 closed at 4,395.26 slightly down from an ATH of 4,411.79 last week

- The market-action Friday marked a recent reversal, with re-opening and reflation plays declining and sectors like Real Estate and Staples eking out minor gains

- Despite the rising cases of Delta Variant, the economy is continuing to show strength and the VIX has not spiked in a major way since the sell off on July 19th

- The violent activity within sectors and various names have likely de-ris...

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