Sub-sectors to favor and avoid as the Tech rally starts to gain traction

Overall, this proved to be a very constructive week for US equities, as Technology broke out and outperformed sharply, defensive sectors gave way, and market breadth pushed out to new highs while sentiment largely remained muted. Both crude and interest rates fell this week, and all of this, coupled with above-average earnings and good economic strength, suggests the US equity market and economy remain in good shape...

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