The market continues to lead by metals, mining and materials Exchange Traded Funds (ETFs) such as XME and XLB. XME. Oil issues also continue to be market leads, such as USO, PXI and XLE, as well as semi-conductors SOXX.
Although not yet as strong, ETFs that concentrate in secondary issues have also been strengthening, including IWM (the Russell 2000), IWO (Russell 2000 growth index) and IJT (iShares S&P Small Cap Growth fund).
The rally in the market seems to be fueled by low interest rates, as the economy continues to be moving along but at near stall speed.
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James Morgan, CFP®, JD – 303-457-9500