Broader market could play Catch-up to Technology as IWM breaks out

US Equity indices look to have shaken off the minor mid-week pullback attempt and are now beginning yet another leg higher, which should prove more broad-based in participation than what’s been seen in recent months.  Breakouts in the Equal-weighted S&P 500 along with Russell 2000 on Friday are both conducive towards thinking that some mean reversion is taking hold in some of the formerly underperforming sectors.   ...

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