While the US broader markets gapped lower Friday morning, by the end of the day most of those broader markets and sectors were little changed on the week. At the moment, it seems that the US markets are impervious to the negative influences affecting these other markets.
The Transportation Index pushed above its prior high last week and the Retail sector ETF symbol XRT made a new all-time high. However, what was being bought most aggressively at the end of the week before last was being sold aggressively all of last week; namely, the Consumer Staples sector ETF symbol XLP.
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