OIH and XOP favored within Energy as Supply cuts help boost Crude

US Equity Markets have stalled out given US Treasury yields having turned back up sharply; Given recent correlation trends, this might persist this week before Stock indices rally back.  Energy remains one of the more attractive sectors given recent Crude strength

Minor pullback looks to be underway following the push back higher in yields to kick off this holiday shortened week.  While the larger trend in Treasury yields should be close to rolling over, this short-term bounce looks to extend in the days ahead.   This might result in short-term selling pressure for US Stocks.

Tuesday’s session proved to be worse “Under the hood” than what indices showed by the End of Day close, as Technology’s strength largely helped US indices from showing much weaker performance.   Six sectors finished with performance of -1.0% or worse, with Consumer Staples just barely missing the cut.

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